Prepare the journal entry for the following transaction:
The Board of Directors of XYZ Corporation declared dividends of $6,000.These dividends were paid to the stockholders on the same date.

Question

Quizplus · Accepted Answer

The Answer of Prepare the journal entry for the following transaction:
The Board of Directors of XYZ Corporation declared dividends of $6,000.These dividends were paid to the stockholders on the same date.

Prepare the Journal Entry for the Following Transaction