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How do record the transaction in the ledger or journal

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Reference no: EM132671457

For the Systems Understanding Aid:

A transaction states, The Board of Directors declared a $3.00 per share dividend on the 3,000 shares of $75 par value common stock outstanding.

The dividends will be paid on January 31, 2021, to all stockholders of record as of January 25,2021.

Problem 1: How much is the dividends for this company?

Problem 2: How do record this transaction in the ledger or journal?

Reference no: EM132671457

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