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On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2 million shares of its common stock. Coyote Corp

 

On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2 million shares of its common stock. Coyote Corp will the dividend on February 18 to all stockholders recorded on its book as stockholders on January 31. Instructions: prepare any necessary journal entries for dividends on 1) January 18, 2) January 31, 3) February 18.

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