On november 10 the board of directors at hilton corporation, Ask an Expert

Accounting

On November 10, the Board of Directors at Hilton Corporation declared an annual cash dividend of $3 per share on 1000 preferred shares. The dividend payable to preferred stockholders is recorded on November 26 and will be paid on December 10, Memorandum No.115, Check No.149

Instruction: Post a journal entry for the transaction.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988270

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