On May 15,the board of directors declared a cash dividend of $75,000.The date of record is June 1 and the payment date is June 20.
Prepare the journal entries to record this cash dividend.Omit explanations.

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The Answer of On May 15,the board of directors declared a cash dividend of $75,000.The date of record is June 1 and the payment date is June 20.
Prepare the journal entries to record this cash dividend.Omit explanations.

On May 15,the Board of Directors Declared a Cash Dividend