On November 1, 2014, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2014. Please provide the journal entry needed on November 30.
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Question

On November 1, 2014, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2014. Please provide the journal entry needed on November 30.
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\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On November 1, 2014, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2014. Please provide the journal entry needed on November 30.
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\hline \quad\quad\quad\quad\quad& \quad\quad&\quad\quad \
\hline & & \
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On November 1, 2014, Oster Company Declared a Dividend of $3.00