Question
A company declared and paid a dividend of $8,800 this year. The entry to close the Dividends account at the end of the year will
A company declared and paid a dividend of $8,800 this year. The entry to close the Dividends account at the end of the year will include a debit to:
A) Dividends and a credit to cash for $8,800.
B) Retained earnings and a credit to dividends for $8,800.
C) Dividends and a credit to retained earnings for $8,800.
D) Dividends and a credit to dividends payable for $8,800.
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A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management
Authors: Ushe Makambe
1st Edition
365951960X, 978-3659519604
