The following transactions took place for the XYZ Corporation;
a. November 12th - Declared a total cash dividend of $45,000 for stockholders of record November 20th payable on December 1st. Record the journal entry, if necessary, for the following events;
Nov. 12 -
Nov. 20 -
Dec. 1 -
b. Briefly describe the significance of November 20th.

Question

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The Answer of The following transactions took place for the XYZ Corporation;
a. November 12th - Declared a total cash dividend of $45,000 for stockholders of record November 20th payable on December 1st. Record the journal entry, if necessary, for the following events;
Nov. 12 -
Nov. 20 -
Dec. 1 -
b. Briefly describe the significance of November 20th.

The Following Transactions Took Place for the XYZ Corporation;