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Sly Corporation had 120.000 shares of $10 par value common stock outstanding. On March 17, the company declared a $1.5 cash dividend to stockholders of

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Sly Corporation had 120.000 shares of $10 par value common stock outstanding. On March 17, the company declared a $1.5 cash dividend to stockholders of record on March 20. paid on March 30. The entry to record the transaction of March 17 would include a * O No entry is required. . Dividends payable for $180,000 debit to Cash Dividends for $180,000 credit to Cash for $180,000. The Mayer and Radia

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