Business, 08.03.2021 19:10 Greenrune113

Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 102,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $4,625; 2020, $13,500; and 2021, $28,500. Required:
Journalize the declaration of the cash dividend at December 31, 2021.

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Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued...

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