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19. What type of account dividend payable--common? A. Asset B. Liability C. Long-term liability D. Equity-Withdrawal E None of the above 20. On date of

19. What type of account dividend payable--common?

A. Asset

B. Liability

C. Long-term liability

D. Equity-Withdrawal

E None of the above

20. On date of record, what is the journal entry to record a 5,000 cash dividend on common stock?

A. Dr. Dividend Payable--Common 5,000; Cr. Retained Earnings 5,000

B. Dr. Retained Earnings 5,000; Cr. Dividend Payable--Common 5,000

C. Dr. Dividend Payable--Common 5,000; Cr. Cash 5,000

D. Dr. Cash 5,000; Cr. Dividend Payable--Common 5,000

E. None of the above

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