Question
Indicate the proper journal entry to record declaration of a cash dividend: Select one: a. Debit Cash, credit Dividend Payable b. Debit Dividends, credit Cash
Indicate the proper journal entry to record declaration of a cash dividend:
Select one:
a.
Debit Cash, credit Dividend Payable
b.
Debit Dividends, credit Cash
c.
Debit Dividends, credit Dividend Payable
d.
Debit Dividend Payable, credit Cash
e.
Debit Cash, credit Dividends
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
