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19. June 28: The Anderson Photography Studio declared and paid a cash dividend of $75. The company's accounting system used only the following accounts: Cash,

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19. June 28: The Anderson Photography Studio declared and paid a cash dividend of $75. The company's accounting system used only the following accounts: Cash, accounts receivable, photography supplies, prepaid rent, accounts payable, common stock, retained earnings, dividends, fees revenue, and telephone expense. Record the Studio's transactions in its general journal. Description Debits Credits A) Accounts Payable $75 Cash $75 June dividends Common Stock $75 Cash $75 June dividends Retained Earnings $75 Cash $75 June dividends D) Dividends $75 Cash $75 June dividends E) Cash $75 Dividends $75 June dividends

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