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Wilson Corporation declared a cash dividend of $80,000 on December 31, 2018. Required: What is the appropriate journal entry to record this declaration? 2018, Dec.

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Wilson Corporation declared a cash dividend of $80,000 on December 31, 2018. Required: What is the appropriate journal entry to record this declaration? 2018, Dec. 31 Retained Earnings (or Dividends) Dividends Payable Record liability for dividends)

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