On February 5, 2021, Breeze Rental Corporation's board of directors declared a dividend of $0.12, to be paid on March 18, 2021, to the shareholders of record as of the close of business on March 9, 2021. Breeze has 4,000,000 shares of $0.01 par-value common stock authorized with 1,200,000 shares issued and outstanding. The company has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry Date 2021 Journal Entry Accounts Debit Credit C
On February 5, 2021, Breeze Rental Corporation's board of directors declared a dividend of $0.12, to be paid on March 18, 2021, to the shareholders of record as of the close of business on March 9, 2021. Breeze has 4,000,000 shares of $0.01 par-value common stock authorized with 1,200,000 shares issued and outstanding. The company has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry Date 2021 Journal Entry Accounts Debit Credit C
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 14RE
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