Question: Brief Exercise 11-06 Your answer is partially correct. Try again. Flounder Corp. has 7,600 shares of common stock outstanding. It declares a $2 per share

Brief Exercise 11-06 Your answer is partially correct. Try again. Flounder Corp. has 7,600 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 1 15200 Common Stock Cash 15200 Dec. Dividends 5200 T Cash T 15200 15200 Click if you would like to Show Work for this question: Open Show Work
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