Company abc was formed on january 1 2009 by selling and

Reference no: EM13576379

Company ABC was formed on January 1, 2009 by selling and issuing 25,000 shares of $12 par value common stock at $15 per share. On December 1, 2010, the company declared a cash dividend of $2 per share which will be paid in cash on January 15, 2011. The annual accounting period ends December 31. Prepare the appropriate journal entries on each date. Show your work.

Reference no: EM13576379

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