Homework Answers
| Jan 1 | Cash dividends (or) Retained earnings | 37,500 | |
| Dividends payable | 37,500 | ||
| (2.50*15,000) | |||
| Jan 31 | Dividends payable | 37,500 | |
| Cash | 37,500 | ||
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Fill in with the info given.
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