Question: PRINTER VERSION BACK NEXT Brief Exercise 11-6 Your answer is partially correct. Try again. The Oak Ridge Corporation has 76,800 $2 noncumulative preferred shares that

PRINTER VERSION BACK NEXT Brief Exercise 11-6 Your answer is partially correct. Try again. The Oak Ridge Corporation has 76,800 $2 noncumulative preferred shares that have been issued. It declares a quarterly cash dividend on November 15 to shareholders of record on December 10. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the cash dividend. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. 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. 15 Dividends Declared Dividends Payable XS Dec. 10 XIRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR1111111111111111111 1111111111111111 Dec. 31 Dividends Payable Cash LINK TO TEXT
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