Question
. The stockholders' equity section of Johnson Corporation at December 31, 2018, included the following: Common stock, $10 par value, 250,000 shares authorized, 150,000 shares
. The stockholders' equity section of Johnson Corporation at December 31, 2018,
included the following:
Common stock, $10 par value, 250,000 shares authorized,
150,000 shares issued and 110,000 shares outstanding ..................... $1,500,000
On March 1, 2019, the board of directors declared a $.90 per share dividend, payable
March 31, 2019, to stockholders of record on March 15, 2019.
Prepare any entries needed on the declaration, record and payment dates. Omit
explanations.
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