On June 15, 2014, the Board of Directors of PEN Corporation declared a P3 per ordinary share

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On June 15, 2014, the Board of Directors of PEN Corporation declared a P3 per ordinary share cash dividend to stockholders of record on June 30, 2014 payable on July 15, 2014. PEN Corporation has 20,000 ordinary shares issued and outstanding.

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Prepare the journal entries on the date of declaration and on the date of payment.

Related Book For answer-question

Financial Accounting

ISBN: 978-0078025556

8th edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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Posted Date: May 24, 2022 07:13 AM

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On June 15, 2014, the Board of Directors of PEN Corporation declared a P3 per ordinary share

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Journal Entries of Declaration and Payment of Cash Dividends ... View the full answer

Financial Accounting

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