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Prepare journal entries for the above transactions

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Question - The following information and transactions took place during 2015: Mar-25 Declared a $6 per share cash dividend on 30,000 common shares issued and outstanding. Apr-20 Paid the cash dividends declared on March 25. Dec-31 Preparing closing entries. The balance in the income summary is $65,000 credit. Prepare journal entries for the above transactions.

Reference no: EM132604067

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