Question

Following is a recent Microsoft press release:

REDMOND, Wash.—September 18, 2009— Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.13 per share. The dividend is payable December 10, 2009 to shareholders of record on November 19, 2009.

Prepare the journal entries Microsoft used to record the declaration and payment of the cash dividend for its 8,908 million shares.



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  • CreatedJuly 05, 2013
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