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On December 27, 2013, XYZ Co. declared a $65,000 cash

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On December 27, 2013, XYZ Co. declared a $65,000 cash dividend to be paid on January 31 to shareholders of record on January 15. Prepare the journal entries required for these transactions. Event General Journal Debit Credit 12/27/2013 1/15/2014 1/31/2014

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