Answer | ||||
1 |
Date | Account Titles and Explanation | Debit | Credit |
jun-6 | Retained Earnings | $ 8,580,000 | ||
Dividends Payable | $ 8,580,000 | |||
Jun-14 | No entry on the date of record | |||
Jun-30 | Dividends Payable | $ 8,580,000 | ||
Cash | $ 8,580,000 | |||
2 | Date | Account Titles and Explanation | Debit | Credit |
jun-6 | Additional Paid in Capital - Common Stock | $ 8,580,000 | ||
Dividends Payable) | $ 8,580,000 | |||
Jun-14 | No entry on the date of record | |||
Jun-30 | Dividends Payable | $ 8,580,000 | ||
Cash | $ 8,580,000 | |||
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