QUESTION 15 Richards Corporation declared and paid a $3,500 dividend. The appropriate journal entry to record this transaction is: A. Debit Cash/Credit Dividends B. Debit Dividends/Credit Cash C. Debit Expense/Credit Dividends O D. Debit Dividends/Credit Expense E. None of these QUESTION 16 Richards Corporation provided services for cash in the amount of $1,000. The appropriate journal entry to record this transaction is: A. Debit Cash/Credit Revenue B. Debit Accounts Receivable/Credit Revenue C. Debit Revenue/Credit Cash D. Debit Accounts Receivable/Credit Capital Stock E. None of these