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RM Company declared, on May 1, a dividend of $500,000 payable on June 1. Of this amount, $100,000 is a return of capital. Prepare the

RM Company declared, on May 1, a dividend of $500,000 payable on June 1. Of this amount, $100,000 is a return of capital. Prepare the May 1 and June 1 entries to RM Company.

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