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200,000 shares Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explana Feb. 6: Declared a 5% stock

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200,000 shares
Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explana Feb. 6: Declared a 5% stock dividend on the common stock. The market value of Cullins's stock was $25 per share. Date Accounts and Explanation Debit Credit Feb. 6

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