Prepare the appropriate journal entry for Chowder Soups for each of the events below.Each event relies on some or all of the events preceding it.
a.On January 1,20X3,Chowder Soups began operations.The company issued 20,000 shares of its $1.00 par value common stock.The shares were sold for $11 per share.
b.On November 1,20X3,Chowder Soups declared a $1.20 per share common stock dividend.
c.The record date for the common stock cash dividend was November 15,20X3.
d.On November 20,20X3,Chowder Soups paid the $1.20 per share common stock dividend.

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The Answer of Prepare the appropriate journal entry for Chowder Soups for each of the events below.Each event relies on some or all of the events preceding it.
a.On January 1,20X3,Chowder Soups began operations.The company issued 20,000 shares of its $1.00 par value common stock.The shares were sold for $11 per share.
b.On November 1,20X3,Chowder Soups declared a $1.20 per share common stock dividend.
c.The record date for the common stock cash dividend was November 15,20X3.
d.On November 20,20X3,Chowder Soups paid the $1.20 per share common stock dividend.

Prepare the Appropriate Journal Entry for Chowder Soups for Each