Question
On February 2, Mecca Corporation declared a dividend of $0.42 per share with 1,200,000 shares currently outstanding.On February 15, Mecca prepared a list of stockholders
On February 2, Mecca Corporation declared a dividend of $0.42 per share with 1,200,000 shares currently outstanding.On February 15, Mecca prepared a list of stockholders who would receive the dividend.Then on March 1, Mecca Corporation paid the dividend to stockholders.What is the required journal entry Mecca should make on February 15?
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Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
1259726916, 978-1259726910
