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Prepare journal entries a. Cougar Corp. sold 5,000 shares of $1 par value common stock for $20,000. b. Cougar Corp. declared dividends of $3/share. c.

Prepare journal entries

a. Cougar Corp. sold 5,000 shares of $1 par value common stock for $20,000.

b. Cougar Corp. declared dividends of $3/share.

c. Cougar Corp. paid dividends declared in (b.).

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