Question: A company declared a $ 1 0 . 0 0 per share cash dividend. The company had 1 0 0 , 0 0 0 shares

A company declared a $ 10.00 per share cash dividend. The company had 100,000 shares authorized, 75,000 shares issued, and 10,000 shares of Treasury Stock. What is the journal entry to record the declaration of this cash dividend?

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