Desert Apparel has 5,000 shares of common stock outstanding.On April 1,the company declares a $2 per share dividend to stockholders of record on April 15.The dividend is paid on April 30.Record all necessary entries on the appropriate dates for cash dividends.

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The Answer of Desert Apparel has 5,000 shares of common stock outstanding.On April 1,the company declares a $2 per share dividend to stockholders of record on April 15.The dividend is paid on April 30.Record all necessary entries on the appropriate dates for cash dividends.

Desert Apparel Has 5,000 Shares of Common Stock Outstanding