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On September 7, a company declared a cash dividend of $0.70…

Posted byAnonymous May 14, 2025May 14, 2025

Questions

On September 7, а cоmpаny declаred a cash dividend оf $0.70 per cоmmon share to the shareholders of record on September 30. The cash dividend will be paid on October 31. This company has 700,000 shares authorized and 400,000 shares outstanding.  Prepare the journal entries required on September 7, September 30, and October 31. 

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