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Prepare journal entries for each of the following transactions of Telecommunications, Inc. Apr. 5 Declared a dividend of $2.00 per share on 10,000 shares of

Prepare journal entries for each of the following transactions of Telecommunications, Inc. Apr. 5 Declared a dividend of $2.00 per share on 10,000 shares of common stock outstanding. May 20 Paid the dividend declared on April 15.

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