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Northwest clothing supply has 3000 shares of common stock

Question: Northwest Clothing Supply has 3,000 shares of common stock oustanding. Please make the proper entries to record their payment of dividends.

1 - Dec Declares a cash dividend of $1 per share to all shareholders of record on Dec 15.

15 - Dec Date of record.

31 - Dec Pays the cash dividend declared on December 1.

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Accounting Basics: Northwest clothing supply has 3000 shares of common stock

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Accounting Basics: Northwest clothing supply has 3000 shares of common stock

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