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The Board of Directors of Lawson Corporation declared a $0,60 per share Cash Dividend on its $1 Par Value Common Stock. On the Date Of
The Board of Directors of Lawson Corporation declared a $0,60 per share Cash Dividend on its $1 Par Value Common Stock. On the Date Of Declaration, there were 50,000 shares of Common Stock authorized, 25,000 shares issued, and 5,000 shares held as Treasury Stock. Assuming the Dividends were declared on June 1, 2021, the Journal Entry made by Lawson Corporation on June 1, 2021 to record the declaration of the Cash Dividends is: A. Dividends $9,000 Dividends $9.000 Payable Dividends B. $9,000 Payable Cash $9,000 c. Dividends $12,000 Dividends $12,000 Payable Dividends D. $12,000 Payable Cash $12,000 Option D Option C Option A Option B. MacBook Air
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