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The journal entry to pay a cash dividend is to: debit Retained Earnings; credit Dividends Payable debit Dividends Payable; credit Retained Earnings Debit Retained Earnings;

The journal entry to pay a cash dividend is to:

debit Retained Earnings; credit Dividends Payable

debit Dividends Payable; credit Retained Earnings

Debit Retained Earnings; credit cash

Debit Dividends Payable; credit cash

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