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Hard Wok Cafe Corporation has 100,000 common shares outstanding. The following transactions related to the company's shares took place during the year: Apr 15 Declared

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Hard Wok Cafe Corporation has 100,000 common shares outstanding. The following transactions related to the company's shares took place during the year: Apr 15 Declared a share dividend of 30% To shareholders of record May 1 to be issued May 10. Current market value is $10 per share. If no journal entry is required please state that on the appropriate date. Show calculations

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