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On July 16, Fever Corporation declared a $0.75 per share dividend on 28, 800 outstanding shares of common stock. The date of record for the
On July 16, Fever Corporation declared a $0.75 per share dividend on 28, 800 outstanding shares of common stock. The date of record for the dividend is July 25 and the date of payment is August 8. What journal entry should the company make on July 16 to record the declaration of the dividend? If no entry is needed, select "No Entry Required" from the dropdown list (for both debit and credit) and leave the amounts blank. Dr Cr What effect does this entry have on the accounting equation? Assets = Liabilities + Equity What journal entry should the company make on July 25 on the date of record? If no entry is needed, select "No Entry Required" from the dropdown list (for both debit and credit) and leave the amounts blank. Dr Cr What effect does this entry have on the accounting equation? Assets = Liabilities + Equity = + What journal entry should the company make on August 8 on the date of payment? If no entry is needed, select "No Entry Required" from the dropdown list (for both debit and credit) and leave the amounts blank. Dr Cr What effect does this entry have on the accounting equation? Assets = Liabilities + Equity = +
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