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What is the correct journal entry

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Question 1 - Seth announces that will pay a dividend of $5/share on January 3rd. Seth has 10,000 shares outstaying. The current price is $36 as of February 14th. What is the correct journal entry that Seth will record on February 14?

Question 2 - If Karen Co. purchase 1,000 of its $1 par value common stock and the current price is $100 per share, what is the correct journal entry?

Reference no: EM133162277

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