Question
On June 1, 2021, the Board of Directors decided to declare a dividend of $100,000 to the shareholders of record as of June 9, 2021.
On June 1, 2021, the Board of Directors decided to declare a dividend of $100,000 to the shareholders of record as of June 9, 2021. The payment of the dividend was made June 15, 2021.
Required:
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What is the name of each of the above 3 dates?
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Prepare the above journal entires including the closing entry on December 31, 2021, the year-end of the company.
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Valuation For Accountants A Short Course Based On IFRS
Authors: Stephen Lynn
1st Edition
9811503567, 9789811503566
