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Record the declaration and payment of the cash

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Question - REDMOND, Wash.- September 18, 2009 - Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $.15 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 8,944 million shares. (Enter your answers in millions of dollars. Round your answers to the nearest whole million. In cases where no entry is required, please select the option "No journal entry required" for your answer to grade correctly. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Reference no: EM131803403

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