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1) On Nov. 1, 2017, the board of directors of Disney Claire Inc. declared a $7.00 per share cash dividend on 90,000 shares of $1

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1) On Nov. 1, 2017, the board of directors of Disney Claire Inc. declared a $7.00 per share cash dividend on 90,000 shares of $1 par value common stock. The dividend will be paid to stockholders' who own shares on Dec. 29, 2017. The dividend will be paid on Feb. 14, 2018. What journal entry, if any, is required on each of the following dates? a. Nov. 1, 2017 45 b. Dec. 29, 2017+ 4 45 c. Feb. 14, 2018 40 40 0 2) Al-bracken Co. began the year with an accounts receivable balance of $78,000, and ended the year with an accounts receivable balance of $54,000. During the year, Al-bracken Co. recorded $445,400 of sales on account. How much cash did Al-bracken Co. collect from its customers during the year? 3) Elle's Soap Co. began the year with an accounts payable balance related to inventory purchases of $15,000. The balance in the account at the end of the year was $26,800. During the year, Elle's Soap Co. purchased $118,000 of inventory on account. How much cash did Elle's Soap Co. pay for inventory purchases during the year

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