Question
JOURNAL ENTRIES: On the date of record, what is the journal entry to record a 5000 Cash dividend? a. Dr. Retained Earnings 5,000; Cr. Dividend
JOURNAL ENTRIES: On the date of record, what is the journal entry to record a 5000 Cash dividend?
a. Dr. Retained Earnings 5,000; Cr. Dividend Payable 5000
b. Cr. Dividend Payable 5,000; Cr. Retained Earnings 5,000
c. Dr. Cash 5,000 Cr. Dividend Payable Common 5000
d. Dr. Dividend Payable Common 5000; Cr. Cash 5,000
e. None of the above
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
