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Accounting
Entries for cash dividends The declaration, record, and payment dates in connection with a cash dividend of $425,000 on a corporation’s common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. Date Account Debit Credit Oct. 1               Nov. 7               Dec. 15

Entries for cash dividends The declaration, record, and payment dates in connection with a cash dividend of $425,000 on a corporation’s common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. Date Account Debit Credit Oct. 1               Nov. 7               Dec. 15

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.3BE: Entries for cash dividends The declaration, record, and payment dates in connection with a cash...
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Entries for cash dividends

The declaration, record, and payment dates in connection with a cash dividend of $425,000 on a corporation’s common stock are October 1, November 7, and December 15.

Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank.

Date Account Debit Credit
Oct. 1
 
    
 
 
    
Nov. 7
 
    
 
 
    
Dec. 15
 
    
 
 
    
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