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Discuss the cash dividend and paying the dividend

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Reference no: EM131789042

On August1, Wismer Corporation declared a $2.00 per share cash dividend on its common stock (22,000 shares) for stockholders on record as of August15. Wismer paid the dividend on August31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Explanations will appear on the last line of the journal entry table.)

Journalize the entry declaring the cash dividend.

Reference no: EM131789042

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