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Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 - BusinessSoftware Corp. today aJournal entry worksheet Record the journal entry on the declaration date. Note: Enter debits before credits Event General JouJournal entry worksheet < 1 2 3 Record the journal entry on the date of record. Note: Enter debits before credits Event GenerJournal entry worksheet Record the journal entry on the payment date. Note: Enter debits before credits Event General Journal

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Answer #1
Transaction Account Titles and Explanations Debit Credit
1 Cash Dividends ($0.19*8,700 M) $   1,653
Dividend payable $   1,653
2 No Journal Entry Required
3 Dividend payable $   1,653
Cash $   1,653

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