Question
Question 13 (3 points) Darton Company declared and paid dividends of $30,000 for the year. The journal entry to record this transaction is O
Question 13 (3 points) Darton Company declared and paid dividends of $30,000 for the year. The journal entry to record this transaction is O Debit--Cash, 30,000; Credit- -Dividend Income, 30,000 Debit--Cash, 3,000; Credit- -Dividend Income, 3,000 No entry required O Debit--Retained Earnings, 30,000; Credit- -Dividend income, 30,000
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
