D Question 49 4 pts On June 10th the Board of Directors declares a cash dividend. The total amount of the dividend is $10,000. The Date of Record is June 20th. The Date of Payment is set as June 30th. Record the entry for June 10th Account Name Debit Credit 10,000 A. Dividends Payable Retained Earnings 10,000 10,000 B. Dividends Payable Cash 10,000 10,000 C. Retained Earnings Dividends Payable 10,000 D. No entry required on June 10th Answer A Answer B O Answer Answer D None of the answers are correct. U Question 50 4 pts On June 30th, inventory amounting to $3,500 was purchased on account. Account Name Debit Credit A. Inventory 3,500 Cash 3,500 B. Cost of Goods Sold 3,500 Inventory 3,500 3,500 C. Accounts Payable Inventory 3,500 3,500 D. Inventory Accounts Payable 3,500 Answer A Answer B O Answer Answer D