Solution-Declaration and payment of the cash dividend

Declaration and payment of the cash dividend

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Reference no: EM13340918

Willis Corporation has 72,615 shares of common stock outstanding. It declares a $2.20 per share cash dividend on August 1 to stockholders of record on September 15. The dividend is paid on October 31.

Instructions: Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.

Date	Account Description	Debit	Credit

Reference no: EM13340918

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Declaration and payment of the cash dividend

Reference no: EM13340918

Reference no: EM13340918

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