on november 27 , the board of directors of India Star company declared a 0.35$ per share dividend. The dividend is payable to shareholders of record on December 7 on december 24.
the company has 25500 shares of 1$ per common stock outstanding at november 27 .
journalize the entries needed on the declaration & payment datas
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اعتقد القيد كدا
Retained Earnings 892.5 طبعا Dr
Dividends Payable 892.5 طبعا Cr
سوري نسيت يوم الدفع مانتبه له
Dividends Payable 892.5 طبعا Dr
cash 892.5 وطبعا Cr