Honda, the Japanese automobile company, declared and paid cash dividends in fiscal 2011 of 51 per share

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Honda, the Japanese automobile company, declared and paid cash dividends in fiscal 2011 of ¥51 per share on 1,807.3 million shares. The declaration preceded the payment by 1 month. Prepare the journal entries relating to the declaration and payment of fiscal 2011 dividends by Honda.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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