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 14,000 shares but 1,900 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank. Nov. 12   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10EA: Nutritious Pet Food Companys board of directors declares a cash dividend of $1.00 per common share...
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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 14,000 shares but 1,900 shares are held as treasury shares.

What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank.

Nov. 12   fill in the blank 2 fill in the blank 3
    fill in the blank 5 fill in the blank 6
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 14,000
shares but 1,900 shares are held as treasury shares.
What is the journal entry to record the declaration of this dividend? If an amount box
does not require an entry, leave it blank.
Nov. 12
Transcribed Image Text: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 14,000 shares but 1,900 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank. Nov. 12
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