Question: The declaration, record, and payment dates in connection with a cash dividend of $31,000 on a corporation's common stock are October 1, November 7, and
The declaration, record, and payment dates in connection with a cash dividend of $31,000 on a corporation's common stock are October 1, November 7, and December 15.
Journalize the entries required on each date. If no entry is required, choose "No entry required" and leave the amount boxes blank.
| Oct. 1 | Cash Dividends | ||
| Cash Dividends Payable | |||
| Nov. 7 | No entry required | ||
| No entry required | |||
| Dec. 15 | Cash Dividends Payable | ||
| Cash |
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