1. Business
2. Accounting
3. Financial Accounting & Bookkeeping
4. The Accounting Cycle
5. 24988

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George and Co. started a business on Jan 1,2004. Listed below is a transaction that I am not sure how to write as a journal entry:

Dividends of 15 000 were declared on Dec 15,2004, and were schuled to be paid on Jan 10, 2005.