7. Hutter corporation declared a $0.50 per share cash dividend on its common shares. The company has 33,000 shares authorized, 16,800 shares issued and 13,200 shares of common stock outstanding. The journal entry to record the dividend declaration is

Corporation declared a $0.50 per share cash dvdend on its common shares. The company has utstanding. The journal entry to record the dividend declaration is Multiple Cholce Deblt Retained Earnings $6.600: credit Common Dividends Payable $6.600. Debrt Common Diwidends Payable $6.600. credit Cesh $6.600 Debit Retained Earnings $8.400 credit Common Dividends Payable $8.400 Debit Common Dividends Payable $8.400: credit Cash $8,400 Debit Retained Earnings $16.500: credit Common Dividends Payable $16,500 C Pre 14 o search