Are the following events recorded in the accounting records? Explain your answer in each case. (a) A

Question:

Are the following events recorded in the accounting records? Explain your answer in each case.
(a) A major stockholder of the company dies.
(b) Supplies are purchased on account.
(c) An employee is fired.
(d) The company pays a cash to its stockholders.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...