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Accounting and Financial Reporting II On July 15, a corporation declares a $75,000 common stock cash dividend. The dividend is paid on August 31. Prepare

Accounting and Financial Reporting II

On July 15, a corporation declares a $75,000 common stock cash dividend. The dividend is paid on August 31.

Prepare any necessary journal entries on July 15.

Prepare any necessary journal entries on August 31.

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