Accounting Grade 11 Chapter 13 Need Assistance
Precision Tools Limited is a company incorporation with 220 000 common shares outstanding. On March 1, 20- the board of directors of the company declared a dividend of 25 cents to be paid on March to shareholders of record on March 15.
:confused: I don't Understand the question :confused:
Answer the following questions:
- Calculate the total dividend to be paid.
- Journalize the accounting entry to record the deceleration of the dividend
- Journalize the accounting entry to record the payment of above dividend
Accounting 1 sixth edition Syme Ireland - Chapter 13 Busniess Organization and Making Desitions