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Recording Dividends (6 Marks) On October 12, 2020 the board of directors of the Bhangra...

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Accounting

Recording Dividends (6 Marks)

On October 12, 2020 the board of directors of the Bhangra Music Corporation with 8,000 common shares outstanding declared a $2 per share dividend payable November 15 to the shareholders of record on October 31, 2020.

Show the journal entries required on:

Date of Declaration:

Date of Record:

Date of Payment:

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