Following is a recent Giga Tech. press release: REDMOND, Wash.-Nov. 29, 2017 Giga Tech. on...

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Following is a recent Giga Tech. press release: REDMOND, Wash.-Nov. 29, 2017 – Giga Tech. on Wednesday announced that its board of directors declared a quarterly dividend of $0.19 per share. The dividend is payable March 8, 2018, to shareholders of record on Feb. 15, 2018. The ex-dividend date will be Feb. 14, 2018. Prepare the journal entries Giga Tech. used to record the declaration and payment of the cash dividend for its 8,700 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) O Answer is not complete. No Event General Journal Debit Credit 1 1 Retained earnings O 41,325,000,0x Cash dividends payable 41,325,000,00x No journal entry required 3 3 Cash dividends payable 413 X View transaction list View journal entry worksheet X: Debit Credit 41,325,000,000 41,325,000,000 Record the journal entry on the declaration date. 2 Record the journal entry on the date of record. Record the journal entry on the payment date. 413 Following is a recent Giga Tech. press release: REDMOND, Wash.-Nov. 29, 2017 – Giga Tech. on Wednesday announced that its board of directors declared a quarterly dividend of $0.19 per share. The dividend is payable March 8, 2018, to shareholders of record on Feb. 15, 2018. The ex-dividend date will be Feb. 14, 2018. Prepare the journal entries Giga Tech. used to record the declaration and payment of the cash dividend for its 8,700 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) O Answer is not complete. No Event General Journal Debit Credit 1 1 Retained earnings O 41,325,000,0x Cash dividends payable 41,325,000,00x No journal entry required 3 3 Cash dividends payable 413 X View transaction list View journal entry worksheet X: Debit Credit 41,325,000,000 41,325,000,000 Record the journal entry on the declaration date. 2 Record the journal entry on the date of record. Record the journal entry on the payment date. 413

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