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Record the declaration of a cash dividend of six dollars per share. Record the payment of the cash dividend. Record the re-issue of 2250 shares
Record the declaration of a cash dividend of six dollars per share.
Record the payment of the cash dividend.
Record the re-issue of 2250 shares of the treasury stock for $19 cash per share.
Record the re-issue of 3750 shares of the treasury stock for $12 cash per-share.
Record the declaration of a cash dividend of six dollars per share
Record the payment of the cash dividend
Record the entry to close the income summary account having a credit balance of $408,000
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