Fowler Co.'s balance sheet showed the following at December 31, 2018: 
A cash dividend is declared on December 31, 2018, and is payable on January 20, 2019, to shareholders of record on January 10, 2019.
Required:
(1.) Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share.
(2.) Prepare all appropriate journal entries, assuming a cash dividend in the amount of $5.00 per share.
Definitions:
Leukemia
A type of cancer that affects the blood and bone marrow, characterized by an overproduction of abnormal white blood cells.
Enlarged Liver
An increase in size of the liver beyond its normal dimensions, which may indicate a variety of health conditions.
Congestive Heart Failure
A condition where the heart's function as a pump is inadequate to meet the body's needs, leading to symptoms such as shortness of breath.
Leukemia
A type of cancer of the body's blood-forming tissues, including the bone marrow and the lymphatic system, leading to an increase in white blood cells that can impair the body's ability to fight infection.
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