Question
An appropriate journal entry to record a cash dividend on declaration date is: a. Dr Cash at bank Cr Retained earnings b. Dr Retained earnings
An appropriate journal entry to record a cash dividend on declaration date is:
a.
Dr Cash at bank
Cr Retained earnings
b.
Dr Retained earnings
Cr Dividends payable
c.
Dr Cash at bank
Cr Dividend payable
d.
Dr Retained earnings
Cr Cash at bank
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
4th Edition
0324048610, 9780324048612
