On February 1, 2020, Eve Enterprises declares a cash dividend of $9,30 common shareholders to be paid on February 4. Record the journal ent for these transactions. Assume the company uses the cash dividends account to record declaration of cash dividends. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Feb 1 Record dividend payable

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that ba…