Question: Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 28,000 shares authorized, 13,800 shares issued, and 11,200 shares

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 28,000 shares authorized, 13,800 shares issued, and 11,200 shares of common stock outstanding. The journal entry to record the dividend declaration is

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