On February 5,2021, Fast Rental Corporation's board of directors declared a dividend of $0.25, to...
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Accounting
On February Fast Rental Corporation's board of directors declared a dividend of $ to be paid on March to the shareholders of record as of the close of business on March
Fast has shares of $ parvalue common stock authorized with shares issued and outstanding. The company has no preferred stock.
Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. Record debits first, then credits. Exclude explanations from any
journal entries.
Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry.
Journal Entry
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