On february 2 2010 mecca corporation declared a dividend of

Reference no: EM13593294

On February 2, 2010, Mecca Corporation declared a dividend of $.42 per share with 1,200,000 shares currently outstanding. On February 15, Mecca prepared a list of stockholders who would receive the dividend. Then on March 1, Mecca Corporation paid the dividend to stockholders. What is the required journal entry Mecca should make on March 1, 2010?

Reference no: EM13593294

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