Nutritious Pet Food Company’s board of directors declares a cash dividend of $5,500 on June 30. At that time, there are 3,000 shares of $6 par value 4% preferred stock outstanding and 7,100 shares of $1 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend? If an amount box does not require an entry, leave it blank. June 30 - Select - - Select -
Nutritious Pet Food Company’s board of directors declares a cash dividend of $5,500 on June 30. At that time, there are 3,000 shares of $6 par value 4% preferred stock outstanding and 7,100 shares of $1 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend? If an amount box does not require an entry, leave it blank. June 30 - Select - - Select -
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12EA: Nutritious Pet Food Companys board of directors declares a cash dividend of $5,000 on June 30. At...
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Nutritious Pet Food Company’s board of directors declares a cash dividend of $5,500 on June 30. At that time, there are 3,000 shares of $6 par value 4%
What is the
June 30 |
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