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Record the journal entries required by these events

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Reference no: EM131624648

Problem - The following transactions took place for the XYZ Corporation:

November 12 - Declared a total cash dividend of $45,000 for stockholders of record November 20 payable on December 1.

Required: Record the journal entries required by these events. Refer to the Chart of Accounts for exact wording of account titles.

Reference no: EM131624648

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