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  3. flounder inc. declared a cash dividend of $0.70 pe

Flounder Inc. declared a cash dividend of $0.70 per share on its 1.80 million outstanding...

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Accounting

Flounder Inc. declared a cash dividend of $0.70 per share on its 1.80 million outstanding shares. The dividend was declared on August
1 and is payable on September 9 to all shareholders of record on August 15.
Prepare all necessary journal entries for those three dates. (List all debit entries before credit entries. 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 0 for the
amounts. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
image

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