On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable...
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Accounting
On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 210 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).)
Record the declaration of cash dividends.
Date
General entry
Debit
Credit
March 15th
Record the payment of cash dividends.
Date
General entry
Debit
Credit
April 30th
Record the entry on the date of record.
Date
General entry
Debit
Credit
March 30th
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