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On 7/1, the Knight's Stop took out a loan in the amount of $35,000 from Fairwinds Credit Union and signed a 9 month promissory note.

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On 7/1, the Knight's Stop took out a loan in the amount of $35,000 from Fairwinds Credit Union and signed a 9 month promissory note. What entry should Knight's Stop record on 7/1? (Select ALL that apply) Debit Long-term Notes Payable for $25,000 Credit Accounts Payable for $25,000 Debit Cash for $25,000 Credit Short-term Notes Payable for $25,000 Debit Accounts Payable for $25,000 Credit Cash for $25,000 Debit Short-term Notes Payable for $25,000 Credit Long-term Notes Payable for $25,000 At Microsoft, the board of directors declared a $0.73 per share cash dividend on its common stock. On the date of declaration, there were 95,000 shares authorized, 62,000 shares issued, and 9,000 shares held as treasury stock. What amount is recorded into the dividend account on the date of the dividend declaration

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