Jun 1 Board of directors declared this date a cash dividend of $1,012,500 to be paid June 30 to holders of record of both common and preferred on June 15.
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Jun 1 Board of directors declared this date a cash dividend of $1,012,500 to be paid June 30 to holders of record of both common and preferred on June 15.
On Jun 1 you will have one entry to record the dividend declared (hint: this is a payable) and on Jun 30 you will have another entry to record the actual payment of the dividend declared.
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