Question: Question 11 4.75 pts At Microsoft, the board of directors declared a $0.60 per share cash dividend on its common stock. On the date of

 Question 11 4.75 pts At Microsoft, the board of directors declared

Question 11 4.75 pts At Microsoft, the board of directors declared a $0.60 per share cash dividend on its common stock. On the date of declaration, there were 90,000 shares authorized, 69,000 shares issued, and 10,000 shares held as treasury stock. What amount is recorded into the dividend account on the date of the dividend declaration? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

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