Business, 24.02.2020 16:26 shadestephen25

"Fowler Co.'s balance sheet showed the following at December 31, 2018: Common stock, $10 par $ 100,000 Paid-in capital—excess of par 50,000 Retained earnings 20,000 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: Prepare all appropriate journal entries.

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"Fowler Co.'s balance sheet showed the following at December 31, 2018: Common stock, $10 par $ 100,0...