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Yougi Corp. is an animation studio that issued the following recent press release April 1 Yougi Corp today announced that its Board of Directors has
Yougi Corp. is an animation studio that issued the following recent press release April 1 Yougi Corp today announced that its Board of Directors has declared a cash dividend of $0.60 per share on 575.000 outstanding preferred shares. The dividend will be paid on or before May 11, to preferred shareholders of record at the close of business on May 26. The Company's fiscal year will end on June 30. Required: 1. Prepare any journal entries that yougi Corp should make on the four dates mentioned in the press release (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction fist View journey worksheet General Journal Debit Credit Date April 01 Dividends Dawid Payable May 25 No Joumal Entry Required May 31 Dividends Payable Cash 4 June 30 Retained Earnings hidends Prey 2 of 3
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