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Prepare oumal entries to record the following transactions for XYZ Corporation a) June 20 Declared a $185.000 cash dividend payable to common shareholders b) August

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Prepare oumal entries to record the following transactions for XYZ Corporation a) June 20 Declared a $185.000 cash dividend payable to common shareholders b) August 20 Paid the cash dividend to common shareholders c) December 31 Closed the Cash Dividends account Enter the transaction letter as the explanation and dates in the format din (1) General Journal Account Explanation Date Page 9 F Debit Creat

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