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Prepare the entries on dates to record declaration

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Reference no: EM132752187

Metlock, Inc. has 6,800 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31.

Problem 1: Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.

Reference no: EM132752187

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