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Cash dividends totalling $5,000 were declared and paid to stockholders on March 31. Tell what accounts are affected in order, and by how much (values
Cash dividends totalling $5,000 were declared and paid to stockholders on March 31.
Tell what accounts are affected in order, and by how much (values can be positive or negative). The answer choices are Cash, accounts receivable, inventory, prepaid rent, fixtures and equipment, accounts payable, interest payable, wages payable, notes payable, paid-in capital, retained earnings, leave blank. Some choices may show up more than once
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