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The journal entry to record a corporation paying a cash dividend of $200,000 that was previously declared is: Debit Cash Dividends Payable $200,000 and credit
The journal entry to record a corporation paying a cash dividend of $200,000 that was previously declared is:
| Debit Cash Dividends Payable $200,000 and credit Cash $200,000 | ||
| Debit Stock Dividends Payable $200,000 and credit Cash $200,000 | ||
| Debit Stock Dividends Payable $200,000 and credit Cash Dividends Paid $200,000 | ||
| No entry is required at the date of payment on the date of record. |
The journal entry to record a corporation paying a cash dividend of $200,000 that was previously declared is:
| Debit Cash Dividends Payable $200,000 and credit Cash $200,000 | ||
| Debit Stock Dividends Payable $200,000 and credit Cash $200,000 | ||
| Debit Stock Dividends Payable $200,000 and credit Cash Dividends Paid $200,000 | ||
| No entry is required at the date of payment on the date of record. |
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Managerial Accounting The Cornerstone Of Business Decision-making, , (6 Months)
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th Edition
1337115924, 9781337115926
