Question
The entry to pay a previously declared dividend of $.25 per share on 12,500 outstanding shares of common stock requires a _______. debit to cash
The entry to pay a previously declared dividend of $.25 per share on 12,500 outstanding shares of common stock requires a _______.
| debit to cash for $3,125 | ||
| credit to dividends payable for $3,125 | ||
| debit to retained earnings for $3,125 | ||
| debit to dividends payable for $3,125 |
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Financial Accounting For Decision Makers
Authors: Peter Atrill, Eddie McLaney
10th Edition
1292409185, 9781292409184
