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Question 3 [12 points] Prepare journal entries to record the following transactions for Velor Inc.: a) June 29: Declared a $127,500 cash dividend payable to common shareholders. b) November 9: Paid the cash dividend to common shareholders. c) December 31: Closed the Cash Dividends account. Enter the transaction letter as the explanation, and dates in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page GJE F Debit Credit Date Tl + TI