A recent annual report for Malestrom Inc., disclosed that the company declared and paid dividends...
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Accounting
A recent annual report for Malestrom Inc., disclosed that the company declared and paid dividends on common stock in the amount of $1.90 per share. During the year. Malestrom had 1,018.000,000 authorized shares of common stock and 191,380,000 issued stares. There is no treasury stock Required: Assume Malestrom declared the entire dividend ($1.90 per share) on February 20 and subsequently pold the dividend on March 1 Prepare a journal entry to record the declaration and payment of dividends, olf no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (ie, 1,000,000 nor 1,0)) Journal entry worksheet
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