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Recording Dividend Declarations Following are four separate dividend scenarios. a. On April 1, Meriter...

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Accounting

Recording Dividend Declarations
Following are four separate dividend scenarios.
a. On April 1, Meriter Corporation declared a cash dividend of $5 per share on its 83,200 outstanding shares of common stock ($1 par). The dividend is payable on April 21 to stockholders of record on April 14.
directors of Axe Co. declared dividends of $65,000 to be paid to shareholders at the end of its fiscal year.
common stock when the Mobile Co. shares were selling at $28 per share.
d. Treck Corporation declared a common stock dividend of $117,000 on April 1. Treck Corporation announced to shareholders that 70% of the dividend amount was a return of capital.
Required
Record the entry(ies) for the declaration of dividends for each of the four separate scenarios.
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