Acc423 Intermediate Accounting: BE15-10 Woolford Inc. declared a cash dividend of $1 per share

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Acc423 Intermediate Accounting

BE15-10
Woolford Inc. declared a cash dividend of $1 per share on its 2 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare the journal entries necessary on those three dates. (If no entry is required, enter No Entry as the Description and 0 as the amount.)
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