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Which of the following is the appropriate entry to record the declaration of cash dividends? Dividends Payable - Debit Cash - Credit Additional Paid-in Capital

Which of the following is the appropriate entry to record the declaration of cash dividends?

Dividends Payable - Debit

Cash - Credit

Additional Paid-in Capital - Debit

Dividends Payable - Credit

Dividends - Debit

Dividends Payable - Credit

Retained Earnings - Debit

Cash - Credit

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