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On March 1, Logan Corp. had 15,000 shares of common stock authorized and 6,000 shares of $4 par common stock issued and outstanding when it
On March 1, Logan Corp. had 15,000 shares of common stock authorized and 6,000 shares of $4 par common stock issued and outstanding when it declared a S.50 (fifty cents) per share dividend to be paid on March 31. Use the drop-down menu to complete each of the following sentences: A. The journal entry on March 1 should have a debit to for and a > credit to for $ B. The journal entry on March 31 should have a debit to for S and a > credit to for $
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