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requirement one. Record the transaction and Starborn's general journal. (Record debit first then credit. Select the explanation on the last line of the journal entry
requirement one. Record the transaction and Starborn's general journal. (Record debit first then credit. Select the explanation on the last line of the journal entry table. If no entry is required, select "no ensure required" on the first line of the accounts and explanation column and leave the remaining cells blank)
January 16: declared a cash dividend on the 5%, $96 par noncumulative preferred stock (950 shares outstanding). declare a $.40 per share dividend on the 80,000 shares of $10 par value common stock outstanding. The data recorded is January 31, and the payment date is February 15.
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