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On July 15, 2022, the board of directors of George Easton Limited declared a cash...

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Accounting

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On July 15, 2022, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares. The dividend is to be paid on August 15, 2022, to shareholders of record on July 31, 2022 The correct entry to be recorded on August 15, 2022 will include a Select one: debit to Dividends Payable. O credit to Retained Earnings. debit to Dwidends Declared, credit to Dividends Payable

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