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Prepare the journal entries required on July

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Question - On July 31, a company declared a cash dividend of $0.25 per common share to the shareholders of record on August 15. The cash dividend will be paid on August 25. This company has 500,000 shares authorized and 100,000 shares outstanding. There are 1100 shares in Treasury Stock. Prepare the journal entries required on July 31, August 15 and August 25?

Reference no: EM132680651

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