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Company ABC during the year ended December 2021 declared and paid dividends of $32,000 out...

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Accounting

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Company ABC during the year ended December 2021 declared and paid dividends of $32,000 out of retained earnings and made the following reserve from the retained earnings account Fluctuation Exchanges $ 80,000 2- General reserve $30,000 Instructions: Record the necessary entries in the general Journal 1- Paragraph BIE

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