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Sefcik Company's balance sheet showed the following on December 31, 2024: A cash dividend is declared on December 31,2024, and is payable on January 20,
Sefcik Company's balance sheet showed the following on December 31, 2024: A cash dividend is declared on December 31,2024, and is payable on January 20, 2025, to shareholders of record on January 10 , 2025. Required: 1. Prepare all appropriate journal entries, assuming a cash dividend in the amount of \\( \\$ 1.00 \\) per share. 2. Prepare all appropriate journal entries, assuming a cash dividend in the amount of \\( \\$ 5.00 \\) per share. Complete this question by entering your answers in the tabs below. Prepare all appropriate journal entries, assuming a cash dividend in the amount of \\( \\$ 1.00 \\) per share. Note: If no entry is required for a transaction/event, select \"No journal entry required\" in the first account field. Journal entry worksheet Record cash dividend declared on December 31, 2024. Note: Enter debits before credits
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