2. Harry and Meghan Inc.'s board of directors declared a cash dividend of $1.00 per...
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Accounting
2. Harry and Meghan Inc.'s board of directors declared a cash dividend of $1.00 per share on its 12,000 common shares outstanding on December 10, 2020. Date of record was December 15, 2020, and payment date will be January 5, 2021. Prepare the journal entry(ies) needed on the date of declaratior the date of record, and the date of payment of this cash dividend below: (5 points)
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