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    Corporate Financial Accounting Study Set 1
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    Exam 12: Corporations: Organization, Stock Transactions, and Dividends
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    The Declaration, Record, and Payment Dates in Connection with a Cash
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The Declaration, Record, and Payment Dates in Connection with a Cash

Question 119

Question 119

Essay

The declaration, record, and payment dates in connection with a cash dividend of $50,000 on a corporation's common stock are January 15, February 15, and March 15. Journalize the entries required on each date.

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