Johnson Corporation decided to pay a dividend of $2.00 per share. The corporation has 2,500,000 shares authorized,
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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:
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ANSWER To record the payment of dividends the following entries should be made on the respective ...View the full answer
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