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19. | Lin has 100,000 shares of common stock Loutstanding on April 15, the board declared a $.30 dividend to be paid to stockholders of
19. | Lin has 100,000 shares of common stock Loutstanding on April 15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was. distributed on May 15. The proper Journal entry for Linville on May 15 does not include: O E None of these OB. a debit to Dividends for $30,000 oc. a credit to cash for $30,000 OD. Both A and B OA A Credit to Dividends Payable for $30,000
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