Question: Johnson Corporation decided to pay a dividend of $ 2.00 per share. The corporation has 2,500,000 shares authorized, 800,000 shares issued, and 750,000 shares outstanding

Johnson decided to pay a of $ 2.00 per share. The has 2,500,000 shares authorized, 800,000 shares issued, and 750,000 shares outstanding on the date of declaration. Make the entries necessary for the on the following dates:
• June 15, 2010 Date of declaration
• July 15, 2010 Date of record
• August 1, 2010 Date of payment

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