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Prepare journal entries for all events associated

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Reference no: EM13915874

On October 1, 2013, Daster Corporation declared a $50,000 cash dividend to be paid on December 15 to shareholders of record on November 1.

Required: 

a. Record the events occurring on October 1, November 1, and December 15 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).

2406_264-B-A-C (239).png

b. Prepare journal entries for all events associated with the dividend. 

Reference no: EM13915874

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