You just received the following e mail dated November 30
You just received the following e- mail dated November 30 from one of your corporation’s stockholders:
“Help! Please explain why I haven’t received my dividend check. I own 100 shares that I bought at $ 30, and they are now selling for $ 35. I read in the annual report that the board of directors declared a 10 percent stock dividend, but I haven’t received a dime yet. What is going on? Where is my dividend check? I was a stockholder of record on the declaration date of the dividend.”
Assume that he was a stockholder of record for both of the following dividends. The following selected journal entries may help you answer hisquestions.
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