The Black Bear Basketball Corporation has 7,000 shares of common stock issued and outstanding.The board of directors declared a $1.00 per share cash dividend on January 9,payable on March 9,to stockholders of record on February 9.Prepare the appropriate journal entries.

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The Answer of The Black Bear Basketball Corporation has 7,000 shares of common stock issued and outstanding.The board of directors declared a $1.00 per share cash dividend on January 9,payable on March 9,to stockholders of record on February 9.Prepare the appropriate journal entries.

The Black Bear Basketball Corporation Has 7,000 Shares of Common