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On July 1, the Board of Directors of ABC, Inc. declared a cash dividend of 530,000 to be paid September 1. The Date of Record

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On July 1, the Board of Directors of ABC, Inc. declared a cash dividend of 530,000 to be paid September 1. The Date of Record is August 1. Maket necessary journal entries below 1) General Journal 2) On May 6, DEF, Inc. issued 2,000 shares of its $3 Par value Common Stock for $9 per share Show the journal entry. General Journal 3) On December 12, purchased 500 shares from the above problem 2) for $5,000 Show the journal entry. General Journal

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