Tracing shipping documents to pre-numbered sales invoices provides evidence that:

A. Shipments to customers were properly invoiced.
B. No duplicate shipments or billings occurred.
C. All pre-numbered sales invoices were accounted for.
D. All goods ordered by customers were shipped.


Answer: A

Business

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On November 1, 2017, Oster, Inc. declared a dividend of $4.50 per share. Oster, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend?

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