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.com/1m/takeAssignment/takeAssignment Main doinvoker=assignments&takeAssignment; essionLocator= assignment take&inprogress-false; eBook Show Me How Calculator Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $93,000 on a corporation's common stock are February 1, March 18, and May Journalize the entries required on each date. If no entry is required, select TNo Entry Required" and leave the amount boxes blank Feb. 1 Mar. 18 May. 1

Explanation / Answer

Date Account title and explanation Debit Credit Feb.1 Cash dividend $ 93,000            Dividends payable $ 93,000 Mar. 18 No entry required May. 1 Dividends payable $ 93,000            Cash $ 93,000

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