West Company declared a $0 50 per share cash dividend The company has 190,000 shares issued, and 10,000 shares in treasury stock The journal entry to record the payment of the dividend is Multiple Choice Debit Common Dividends Payable $90,000 credit Cash $90,000 Debit Retained Earnings $95,000 credit Common Dividends Payable $95,000 Debit Retained Earnings $90,000 credit Common Dividends Payable $90,000 Debit Retained Earnings $95,000 credit Common Dividends Payable $95,000 Debit Retained Earnings $90,000 credit Common Dividends Payable $90,000 Debit Retained Earnings $5,000 credit Common Dividends Payable $5,000 Debit Common Dividends Payable $95,000 credit Cash $95,000

Question

West Company declared a $0 50 per share cash dividend  The company has 190,000 shares issued, and 10,000 shares in treasury stock  The journal entry to record the payment of the dividend is  Multiple Choice Debit Common Dividends Payable $90,000  credit Cash $90,000  Debit Retained Earnings $95,000  credit Common Dividends Payable $95,000  Debit Retained Earnings $90,000  credit Common Dividends Payable $90,000  Debit Retained Earnings $95,000  credit Common Dividends Payable $95,000  Debit Retained Earnings $90,000  credit Common Dividends Payable $90,000  Debit Retained Earnings $5,000  credit Common Dividends Payable $5,000  Debit Common Dividends Payable $95,000  credit Cash $95,000

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West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to

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