1G 2 (BAAC3205) SEMESTER 2 2020-21 FINAL EX: 18ving forward Which of the following is the correct entry for payment of Preference dividend assuming that the company issued irredeemable preference shares? a. Debit Bank Credit Preference dividend payable b. Debit Preference dividend payable Credit Retained earnings c. Debit Preference dividend payable Credit Bank d. Debit Retained earnings Credit Bank