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The entry to record the declaration of a cash dividend consists of a debit to Dividend Expense and a credit to Cash. Retained Earnings and

The entry to record the declaration of a cash dividend consists of a debit to

Dividend Expense and a credit to Cash.
Retained Earnings and a credit to Common Stock Dividend Distributable.
Dividends Payable and a credit to Retained Earnings.
Retained Earnings and a credit to Dividends Payable.

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