Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on record on July 15. The dividend will be paid on July 31. Journalize the entries required on each date.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on
record on July 15. The dividend will be paid on July 31. Journalize the entries required on each date.
Transcribed Image Text:Bonneau Corporation declares a cash dividend of $100,000 on July 1 for any shareholder on record on July 15. The dividend will be paid on July 31. Journalize the entries required on each date.
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