Respuesta :
Answer:
August 1st and September 9th have entries but August 15th will not have any journal records.
Explanation:
The question is to prepare the journal entries for the three dates
August 1: Declared Cash Dividend of $1.00 per share on its 2 million outstanding shares.
Date Particulars Debit Credit
August 1 Retained Earnings A/c $2,000,000
Dividend Payable A/c $2,000,000
being the record of dividend declared on 2 million outstanding shares.
August 15: All stakeholders on record by August 15 are entitled to dividend.
Date Particulars Debit Credit
August 15 No Entries (Just a record of stakeholders on this date)
September 9: Dividend Paid
Date Particulars Debit Credit
August 1 Dividend Payable A/c $2,000,000
Cash Account $2,000,000
Being the record of dividend paid of $1 for 2000000 outstanding shares.
A dividend is a cash payment by an organization to its stockholders. When a company makes a profit or has a surplus, it can distribute a portion of that earnings to shareholders as a dividend.
Any profit that isn't redistributed is basically again invested in the company.
On August 1st and September 9th, there'll be the recording of entries, but on August 15th, there will be no entry of record.
The journal entries have been attached below.
To know more about the entries of the various transactions, refer to the link below:
https://brainly.com/question/16447809
