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Which the journal entry recorded on june

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Question 1: On June 1, the board of directors declared a $100,000 cash dividend to be distributed to common stockholders of record on June 15. The dividend will be paid on July 1. The journal entry recorded on June 15 includes:

A. No journal entry is required

B. $100,000 credit to common stock

C. $100,000 Credit to cash

D. $100,000 Debit to dividends payable

Reference no: EM132512180

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