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  3. (a) your answer is correct prepare the journal ent

(a) Your answer is correct Prepare the journal entries for each of the dates above...

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Accounting

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(a) Your answer is correct Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Fatry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 6/1 Retained Earnings 7696000 Dividends Payable 7696000 [6/14 - No Entry No Entry 6/30 Dividends Payable 7696000 7696000 Attempts: 1 of 5 used (b) How would the entries differ if the dividend were a liquidating dividend? (Credit account ttles are automatically indented when amount is enterod. Do not under manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 6/1 6/14 6/30

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