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record the journal entry

On January 1st, Blinding LED Inc. issued out 50,000 shares at $2 par value common stock at par for cash. On December 31st, Blinding LED Inc. declared a $0.50 per share cash dividend on the 50,000 current shares of $2 par value common stock. \begin{tabular}{lll} 0 & 0 & 1 \\ Unread & Replies & Views \end{tabular}