The important dates in connection with a cash dividend of $120,000 on a corporations common stock are February 13, March 15, and April 10 Record the entries required on each date ...

Feb 13 Retained Earnings 12000 ...

The important dates in connection with a cash dividend of $120,000 on a corporations common stock are

Question:

The important dates in connection with a cash of $120,000 on a corporation’s are February 13, March 15, and April 10. Record the entries required on each date.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...