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Brief Exercise 11-5 Culver Corporation has 8,900 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders

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Brief Exercise 11-5 Culver Corporation has 8,900 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on when amount is entered. Do not Prepare the entries on the appropriste dates to record the decleration and payment of the cash dividend. (Credit account titles are automat indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.,)

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