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XYZ Company declared a $.50 dividend on common stock. (Pretend there are 1,000 common shares outstanding. Journalize this transaction. DATE Debit Credit XIX XYZ Company

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XYZ Company declared a $.50 dividend on common stock. (Pretend there are 1,000 common shares outstanding. Journalize this transaction. DATE Debit Credit XIX XYZ Company paid the dividends declared above. Journalize this transaction. Debit Credit DATE XIX

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