Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paid $50 cash in dividends to stockholder. (The $50 belong in which category in this journals?) Assets Liabilities Stockholders Equity Revenues cash-accounts receivable-bicycles accounts payable

Paid $50 cash in dividends to stockholder. (The $50 belong in which category in this journals?)

Assets Liabilities Stockholders Equity Revenues

cash-accounts receivable-bicycles accounts payable - Phone payable common stock- dividends- retained earnings rent revenue

Expenses

Rent expense- advertising expense- Phone Expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comparative International Accounting

Authors: Christopher Nobes, Robert Parker

14th Edition

1292296461, 978-1292296463

More Books

Students also viewed these Accounting questions

Question

What texting cautions do you carry away from this case?

Answered: 1 week ago

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago