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Unformatted text preview: After posting the above entry the account balances in Dividends and Dividends Payable. Balance in the Dividends account as of Aug. 31 Balance in the Dividends Payable account as of Aug. 31 $0 $50,000 Requirement 3 – September 20 Dividend payment entry Date Account Name Debit Credit 9/20/11 Dividends Payable 50,000 Cash 50,000 Payment of the dividend After posting the above entry the account balance in Dividends Payable. Balance in the Dividends Payable account as of Sept. 20 $0...
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This note was uploaded on 03/07/2012 for the course ACCT 225 taught by Professor Canace during the Spring '08 term at South Carolina.
- Spring '08