Nutritious Pet Food Company's board of directors declares a cash dividend of $1.00 per common...
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Accounting
Nutritious Pet Food Company's board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 12,000 shares but 2,000 shared are held as treasury shares. The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend? General Journal Date Description PR Debit Credit Credit
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