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7. Prepare appropriate general journal entries for each of the following transactions for Litefoot, Inc. Oct. 1 Declared a dividend of $1.53 per share on

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7. Prepare appropriate general journal entries for each of the following transactions for Litefoot, Inc. Oct. 1 Declared a dividend of $1.53 per share on 6,000 shares of preferred stoclk 20 Paid the dividend on preferred stock declared on October 1. GENERAL JOURNAL Page 1 Post Ref. Date Descri Debit Credit

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