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On November 27, the board of directors of Armstrong Company declared a $.50 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Armstrong has 25,500 shares of $1 par common stock outstanding at November 27. Journalize the entries needed on the declaration and payment dates.
Needle Holder
A surgical instrument used by doctors to hold a needle while suturing tissues.
Detergent
A chemical compound used to remove dirt and grease, commonly used in cleaning processes due to its surfactant properties.
Ratchet
Locking mechanism of an instrument.
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