Question: Fetzer Company declared a $ 0 . 4 0 per share cash dividend. The company has 4 2 0 , 0 0 0 shares authorized,

Fetzer Company declared a $0.40 per share cash dividend. The company

Fetzer Company declared a $0.40 per share cash dividend. The company has 420,000 shares authorized, 399,000 shares issued, and 16,800 shares in treasury stock. The journal entry to record the payment of the dividend is
has 420,000 shares authorized, 399,000 shares issued, and 16,800 shares in treasury

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