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Willis Corporation has 72,615 shares of common stock outstanding. It declares a $2.20 per share cash dividend on August 1 to stockholders of record on September 15. The dividend is paid on October 31.
Instructions: Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.
Date
Account Description
Debit
Credit
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We are not creating entries for monthly expenses such as rent and preparing the financial statements and documents floating around that may or may not be needed for efficient and effective processing of the business information and paper that is no..
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