Johnson Corporation decided to pay a dividend of 2 00
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 on the date of declaration. Make the entries necessary for the dividend 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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