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Hutter Corporation declared a $ 0 . 5 0 per share cash dividend on its common shares. The company has 3 2 , 0 0

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 32,000 shares authorized, 16,200 shares issued, and 12,800 shares of common stock outstanding. The journal entry to record the dividend declaration is:

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