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The dates for a cash dividend of $0.84 per share on 250,000 shares outstanding on a corporation's common stock are July 20, August 5, and
The dates for a cash dividend of $0.84 per share on 250,000 shares outstanding on a corporation's common stock are July 20, August 5, and August 31. Which journal entry is required on: July 20 [Select] August 5 (Select ] August 31 (Select ] [Select) [Select ] Debit Retained Earnings 210,000; credit Common Stock 210,000 No entry required Debit Cash Dividends Payable 210,000; Credit Cash 210,000 Debit Retained Earnings 210,000; Credit Cash 210,000 Debit Cash Dividends 210,000; Credit Cash Dividends Payable 210,000
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