Acc280 Financial Accounting: BE14-1 Eidman Corporation has 80,000 shares of common stock outstanding

Acc280 Financial Accounting

BE14-1
Eidman Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31.

Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.
Powered by