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Shelton Company declared a $ 0 . 1 0 per share cash dividend. Shelton Company has 1 0 0 , 0 0 0 shares authorized,

Shelton Company declared a $0.10 per share cash dividend. Shelton Company has 100,000 shares authorized, 95,000 shares issued, and 4,000 shares in treasury stock. The journal entry to record the dividend declaration is:

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