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Brief Exercise 15-10 Cheyenne Inc. declared a cash dividend of $2.2 per share on its 5 million outstanding shares. The dividend was declared on August

Brief Exercise 15-10

Cheyenne Inc. declared a cash dividend of $2.2 per share on its 5 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries necessary on those three dates.

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