Acompanys board of directors votes to declare a cash on common shares outstanding journal entry record the declaration of the cash didend

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Theor y to read the declaration of the cash dividende Acompany's board of directions votes to declare a cash vidend of $10 per share ons 12.000 common thround Debit deed Expence $12.000 Cash 12.000 Debit Dividend Expense $12.000. creditCommon Dividend Payable 512.000 Debit Common Dividend Payable $12,000, Credit Cash $12,000 Debit Retained Earrings $12,000 Credit Common Dividend Payable 512.000 Debit Common Dividend Payable 512,000 credit Retained Earrings $12.000