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On July 15th, the board of directors of Taylor Company declares a dividend on common stock, payable on August 15th, to stockholders of record on

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On July 15th, the board of directors of Taylor Company declares a dividend on common stock, payable on August 15th, to stockholders of record on July 31st On August 15th, the appropriate journal entry would involve a debit to [Select) and a credit to Select)

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