Question: Jen Company declared a $ 0 . 2 5 per share cash dividend. The company has 5 0 0 , 0 0 0 shares authorized,

Jen Company declared a $0.25 per share cash dividend. The company has 500,000 shares authorized, 400,000
shares issued, and 25,000 shares in treasury stock.
Required:
Prepare the journal entry to record the payment of the dividend.
Jen Company declared a $0.25 per share cash dividend. The company

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