Question
On September 15, Toys, Inc, declared a cash dividend of $0.45 per common share on to the shareholders of record on October 1. The cash
On September 15, Toys, Inc, declared a cash dividend of $0.45 per common share on to the shareholders of record on October 1.
The cash dividend will be paid on October 15.
This company has 70,000 shares authorized and 40,000 shares outstanding.
1. Prepare the journal entries required on September 15, October 1 and October 15.
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
