Asked Jan 22, 2020

Following is a recent Microsoft press release: REDMOND, Wash.—March 15, 2014 — Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.28 per share. The dividend is payable June 12, 2014 to shareholders of record on May 15, 2014. Prepare the journal entries Microsoft used to record the declaration and payment of the cash dividend for its 8,260 million shares.


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