On February $1,2024,$ XYZ Corporation paid $$5,000$ for rent for the month of February. Record the journal entry for the rent payment.

On March $15,2024,$ ABC Company declared a cash dividend of $$10,000.$ Provide the journal entry to record the declaration of the dividend.

XYZ Corporation purchased inventory worth $$20,000$ on credit terms of $2/10,$ net $30$ on March $20,2024.$ Record the journal entry to reflect the purchase.

During the month of April $2024,$ ABC Company incurred $$15,000$ in operating expenseOn February $1,2024,$ XYZ Corporation paid $$5,000$ for rent for the month of February. Record the journal entry for the rent payment.

On March $15,2024,$ ABC Company declared a cash dividend of $$10,000.$ Provide the journal entry to record the declaration of the dividend.

XYZ Corporation purchased inventory worth $$20,000$ on credit terms of $2/10,$ net $30$ on March $20,2024.$ Record the journal entry to reflect the purchase.

During the month of April $2024,$ ABC Company incurred $$15,000$ in operating expenses, of which $$10,000$ was paid in cash. Record the journal entry to reflect the paymen

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