Willis corporation has 85215 shares of common stock, Ask an Expert

Accounting

Willis Corporation has 85,215 shares of common stock outstanding. It declares a $2 per share cash dividend on August 1 to stockholders of record on September 15. The dividend is paid on October 31.

Instructions: Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.

Date	Account Description	Debit	Credit

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797767

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