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Boston Enterprises declared and paid a dividend of $ 1 0 , 0 0 0 this year. The entry to close the Dividend at the

Boston Enterprises declared and paid a dividend of $10,000 this year. The entry to close the Dividend at the end of the year will include a debit to:
Multiple Choice
Dividends and a credit to Dividends Payable for $10,000.
Retained Earnings and a credit to Dividends for $10,000.
Dividends and a credit to Retained Earnings for $10,000.
Dividends and a credit to Cash for $10,000.

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