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Question 1 Fowler Co.'s balance sheet showed the following at December 31, 2018: (4 Marks) $100,000 Common stock, $5 par Paid-in capital-excess of par Retained

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Question 1 Fowler Co.'s balance sheet showed the following at December 31, 2018: (4 Marks) $100,000 Common stock, $5 par Paid-in capital-excess of par Retained earnings 50,000 20,000 A cash dividend of $ 0.6 is declared on December 31, 2018, and is payable on January 20, 2019. Required: Prepare all appropriate journal entries. Date Account Dr. Cr

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