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Following is a recent Microsoft press release:
REDMOND, Wash.-September 18, 2009- Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.13 per share. The dividend is payable December 10, 2009 to shareholders of record on November 19, 2009.
Prepare the journal entries Microsoft used to record the declaration and payment of the cash dividend for its 8,908 million shares.
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a) Prepare the entries, if any, on each of the three dividend dates. b) How are dividends and dividends payable reported in the ?nancial statements prepared at December 31?
Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45. The cost of the merchandise sold is $38,500. Sampson Co. issued a credit memo for $1,500 for merchandise returned that originally cost $950. The Batson Co. paid th..
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McBride Financial Services provides low cost mortgage keys for individuals. McBride Financial Services provides to retirees, experts, and families are thinking to buy whichever a recreational property or secondary or primary house.
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