Marigold Corporation has 10.90 million shares of common stock issued and outstanding. On June 1,...
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Marigold Corporation has 10.90 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 72 cents per share cash dividend to stockholders of record as of June 14, payable June 30. 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 Entry" for the account titles and enter 0 for the amounts) Date Account Titles and Explanation Debit eieolih How would the entries differ if the dividend were a quidating dividend? Credit account titles are automatically dented when an ount s entered. Do not deent manua rno entry re red se ect No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Question Attempts: 0 of 3 used
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