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The entry to record the declaration of a $1.50 per share dividend on 5,000 outstanding common shares requires a credit to O A Dividends Payable

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The entry to record the declaration of a $1.50 per share dividend on 5,000 outstanding common shares requires a credit to O A Dividends Payable for $7,500 O B. Cash for $7,500 OC. Common Shares for $7,500 OD. Retained Earnings for $7,500

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