Bowie Company has 100,000 shares of common stock outstanding. On April 15, the board declared a $.30
Fantastic news! We've Found the answer you've been seeking!
Question:
Bowie Company has 100,000 shares of common stock outstanding. On April 15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was distributed on May 15. The proper journal entry for Bowie Company on May 15 does includes ____________.
Options:
a debit to Cash for $30,000
both a debit to Dividends Payable for $30,000 and a credit to cash for $30,000
a credit to Dividends Payable for $30,000
None of the above
Expert Answer:
The detailed answer for the above question is provided below The correct answer is both a debit to D... View the full answer
Related Book For 
Posted Date:
