Question: Mapletree Lid declared a $0.70 per share cash dividend. The company has 110,000 shares authorized, 47,000 shares issued, and 44,000 shares of common stock outstanding.

Mapletree Lid declared a $0.70 per share cash dividend. The company has 110,000 shares authorized, 47,000 shares issued, and 44,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration

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