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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash...

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Accounting

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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $33,000 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. If an amount box does not require an entry, leave it blank. Oct. 1 Nov. 7 Cash Dividends Payable Cash Dividends Dec. 157 Cash Common Stock No Entry Required Entries for Stock Dividends Madrid Corporation has 35,000 shares of $90 par common stock outstanding. On August 2, Madrid Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $104 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2 Sept. 15 101 II I. 001 II I. Oct. 8

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