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Rojas Corporation declares a dividend of $ 7 5 , 0 0 0 on May 1 . Which of these is part of the correct

Rojas Corporation declares a dividend of $

75, 000

on May

1 .

Which of these is part of the correct journal entry?

Credit retained earnings for $

75, 000

Debit dividends payable for $

75, 000

Credit capital Stock for $

75, 000

Debit retained earnings for $

75, 000

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