On October 1, 2013, Daster Corporation declared a $50,000 cash dividend to be paid on December 15 to shareholders of record on November 1.
Required:
a. Record the events occurring on October 1, November 1, and December 15 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).
![2406_264-B-A-C (239).png](https://secure.tutorsglobe.com/CMSImages/2406_264-B-A-C (239).png)
b. Prepare journal entries for all events associated with the dividend.