Bowie Company has 100,000 shares of common stock outstanding

Zappa Corporation has 100,000, 3%, $100 par preferred shares outstanding
May 5, 2020
Starr Corporation issued $100,000 of 6%, 10-year bonds on April 1,
May 5, 2020

Bowie Company has 100,000 shares of common stock outstanding. On April

15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was distributed on May 15. The proper journal entry for Bowie Company on May 15 does includes

 
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