3. Prepare journal entries to record the following transactions for Bearcat City: a. July 1, 2016… Assignment Help

  

3. Prepare journal entries to record the following transactionsfor Bearcat City: a. July 1, 2016: Declared a cash dividend payableto common shareholders of $200,000. b. Aug 1, 2016: Date of recordis Aug 1 for the cash dividend declared on July 1. c. Aug 15, 2016:Paid the dividend declared on July 1, 2016.

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