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Problem #4 - Accounting for Cash Dividends (Only Common Stock O/S): On March 31, 2017, Carr Corporation declared a $0.50 per share cash dividend on

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Problem #4 - Accounting for Cash Dividends (Only Common Stock O/S): On March 31, 2017, Carr Corporation declared a $0.50 per share cash dividend on common stock to be paid on April 15 to stockholders of record on April 1. The corporation had 4,000 shares outstanding. Record the necessary transactions on the following dates: 1. March 31, 2017 2. April 1, 2017 3. April 15, 2017

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