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On September 1, 1.500 rs of M Company stock are ed at a price of per share plus a $40 brokerage commission. This was than

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On September 1, 1.500 rs of M Company stock are ed at a price of per share plus a $40 brokerage commission. This was than 20 crash in the stock of Company Otober 4, 10-share dividend was cred on the Company lock. When recording the journal artry for the new of the divided what account would be credited and for what amount? Journal DATE DESCRIPTION PREF DEBIT CREDIT Oct. Cred Dividend Rover $36.000 Credit Cash $36.000 Credit Dividend Revenue 000 Credit Cash 5000

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