On November 1, 2014, Oster Company Declared a Dividend of $3.00

question 127

Essay

On November 1, 2014, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2014. Provide the journal entry needed on November 30.

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