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The Rico company began 2 0 1 6 with $ 9 0 , 0 0 0 balance in retained earnings. Cash dividend of $ 1

The Rico company began $2016$ with $ $90, 000$ balance in retained earnings. Cash dividend of $ $15, 000$ declared by board of directors on October $15, 2016$ payable on December $15, 2016 .$ Prepare journal entry $($ s $)$ required for this event.

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The Rico company began 2 0 1 6 with $ 9 0 , 0 0 0 balance in retained earnings. Cash dividend of $ 1

The Rico company began 2016 with $90,000 balance in retained earnings. Cash dividend of $15,000 declared by board of directors on October 15,2016 payable on December 15,2016. Prepare journal entry(s) required for this event.

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The Rico company began $2016$ with $ $90, 000$ balance in retained earnings. Cash dividend of $ $15, 000$ declared by board of directors on October $15, 2016$ payable on December $15, 2016 .$ Prepare journal entry $($ s $)$ required for this event.