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On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable on April 13 to all stockholders of record on March

On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 210 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).)

Record the declaration of cash dividends.

Date General entry Debit Credit
March 15th

  • Record the payment of cash dividends.

Date General entry Debit Credit
April 30th

Record the entry on the date of record.

Date General entry Debit Credit
March 30th

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