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The declaration, record, and payment dates in connection with a cash dividend of $101,600 on...

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Accounting

imageimageThe declaration, record, and payment dates in connection with a cash dividend of $101,600 on a corporations common stock are July 9, August 31, and October 1.

The declaration, record, and payment dates in connection with a cash dividend of $101,600 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL Score: 33/51 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Jul. 9 Cash Dividends 2 Cash Dividends Payable 3 Oct. 1 Cash Dividends Payable 4 Cash

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