Question 9 (2 points) If a corporation restricts $100,000 of Retained Earnings, this means the corporation cannot use that $100,000 of Retained Earnings for cash or stock dividends or the purchase of trea O the corporation must keep at least $100,000 in the Cash account in the accounting records Othe corporation must keep at least $100,000 in a checking or savings account at a bank stock Save Question 10 (2 points) The ability of a corporation to obtain capital is O enhanced because of limited liability and ease of share transferability O less than a partnership O restricted because of the limited life of the corporation O about the same as a partnership. Save Question 11 (2 points) On June 15, the Board of Directors of Canton Corporation declared a cash dividend of $50,000 payable on July 1 to stockholders of record on June 30. The journal entry done on the date of record is debit Dividends Payable $50,000; credit Cash $50,000 O debit Cash $50,000; credit Dividends Payable $50,000. O debit Cash Dividends $50,000; credit Dividends Payable $50,000. O No journal entry is done