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    Muneca1's Avatar
    Muneca1 Posts: 1, Reputation: 1
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    #1

    May 21, 2011, 01:03 PM
    I need help with this entry
    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.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    May 21, 2011, 01:19 PM

    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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