Boh Company has 25,000 shares of common stock outstanding. On November 27, 2022 the board declared a $0.60 per share dividend to shareholders of record on December 7, 2022, which will be paid on December 24, 2022.
Question 3- Boh Company has 25-000 shares of $1 par common stock outst.docx
1. Question 3: Boh Company has 25,000 shares of $1 par common stock outstanding at November
27 , 2022. On November 27, 2022, the board of directors of Boh Company declared a $0.60 per
share dividend. The dividend is payable to shareholders of record on December 7, 2022 and
would be paid on December 24,2022 . Required: Prepare the journal entries.