Question
AnnE Co. declared a cash dividend of $30,000 on December 20, 2020. The company made the dividend payment on January 15, 2021. Which one of
AnnE Co. declared a cash dividend of $30,000 on December 20, 2020. The company made the dividend payment on January 15, 2021. Which one of the following journal entry is correct for transaction on January 15, 2021?Single choice.
a) Dividends is debited; Dividends Payable is credited
b) Dividends Payable is debited; Cash is credited
c) Cash is debited; Dividends is credited
d) Dividends is debited; Cash is credited
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Performance Auditing Of Public Sector Property Contracts
Authors: Lori Keating
1st Edition
0566089998, 978-0566089992
