masonlee3771 masonlee3771

08-08-2017
Business

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The entry to record the payment of a previously declared dividend of $2.00 per share on 21,500 shares of common stock includes a? ________.

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BlueSky06 BlueSky06

21-08-2017

The Company has dividend payable of $43,000 upon declaration of a cash dividend. Below is the entry to record the payment of this dividend:
Debit: Dividend Payable $43,000.00
Credit: Cash on Hand / Cash in Bank $43,000.00
To record payment of previously declared dividend.

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