Select all that apply\ The board of directors of Anchor, Inc. authorizes a

$0.50

cash dividend to its 100,000 shares of common stock issued and outstanding. On the date of payment, journal entry will include which of the following accounts? (Check all that apply.)\ Debit to Cash\ Credit to Retained Earnings\ Credit to Cash\ Debit to Retained Earnings\ Debit to Common Dividend Payable\ Credit to Common Dividend Payable

The board of directors of Anchor, Inc. authorizes a $0.50 cash dividend to its 100,000 shares of common stock issued and outstanding. On the date of payment, journal entry will include which of the following accounts? (Check all that apply.) Debit to Cash Credit to Retained Earnings Credit to Cash Debit to Retained Earnings Debit to Common Dividend Payable Credit to Common Dividend Payable