(Answered) Exercise b fogg company has issued all of its authorized

Accounting

Exercise B Fogg Company has issued all of its authorized 5,000 shares of $ 400 par value common stock. On 2009 February 1, the board of directors declared a dividend of $ 12 per share payable on 2009 March 15, to stockholders of record on 2009 March 1. Give the necessary journal entries.

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