Question 15 of 16 View Policies - / 12 Current Attempt in Progress Larkspur Limited is a private corporation reporting under ASPE. At December 31, 2021. its general ledger contained the following summary data $1.212.000 Cost of goods sold Interest expense Interest revenue 36,700 15,100 205,000 Operating expenses Retained earnings, January 1 555,200 Sales 1,644,000 Additional information: 1. In 2021. common share dividends of $24,300 were declared on June 30 and December 31. The dividends were paid on July 8. 2021, and January 8, 2022, respectively. Ten search - SC Additional information: 1. In 2021, common share dividends of $24,300 were declared on June 30 and December 31. The dividends were paid on July 8. 2021, and January 8, 2022, respectively. The company's income tax rate is 20% 2. (a) Record the dividend transactions in 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation P 5C AC . C a Record the dividend transactions in 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit (To record declaration of dividend.) (To record payment of dividend.) Question 15 of 16 -112 iii (To record declaration of dividend.) v (To record payment of dividend.) (To record declaration of dividend.) List of Accounts Attempts:0 of 5 used Submit Answer Save for Later