Question: Brief Exercise 15-10 Your answer is partially correct. Try again. Skysong Inc. declared a cash dividend of $1.25 per share on its 2 million outstanding

Brief Exercise 15-10 Your answer is partially correct. Try again. Skysong

Brief Exercise 15-10 Your answer is partially correct. Try again. Skysong Inc. declared a cash dividend of $1.25 per share on its 2 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15, Prepare all ournal entnes necessary on those three dates (Enter answers in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually?rno entry is require select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Aug. 1 Retained Earnings 2.5 Dividends Payable 2.5 Aug. 15No Entry No Entry Sep. 9Dividends Payable 2.5 Cash 2.5

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