n December 15, a corporation declared a dividend of $1.50 per share on 28,000 shares of common stock, pr ournal entries for the date of declaration and the date of payment.
n December 15, a corporation declared a dividend of $1.50 per share on 28,000 shares of common stock, pr ournal entries for the date of declaration and the date of payment.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer in text form please (without image), Note: .Every entry should have narration please
Transcribed Image Text:8
QUESTION 6
On December 15, a corporation declared a dividend of $1.50 per share on 28,000 shares of common stock, payable January 15. Prepare the
journal entries for the date of declaration and the date of payment.
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