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Business, 18.03.2021 01:10 jaeybird9

Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on December 1, the board voted to declare a cash dividend of $5 per share to be paid on December 31, to shareholders of record as of December 16. Required:
Write the necessary journal entry on the date of declaration by selecting the account names.

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