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Fancy Ciothing Company is authorized to issue 110.000 shares of $2 par common stock. The company ksued 5000 shares at $5 per share, when the market price of the comrnan stock was 510 per share. Later, Charlae declared and paid a 50.10 per share cash dividend The journal enty to declare the cantr dividend would be.

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Fancy Ciothing Company is authorized to issue 110.000 shares of $2 par common stock. The company ksued 5000 shares at $5 per share, when the market price of the comrnan stock was 510 per share. Later, Charlae declared and paid a 50.10 per share cash dividend The journal enty to declare the cantr dividend would be

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