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When a company pays $3,400 dividends to its stockholders, the transaction should be recorded as: Multiple Choice Debit Cash; credit Dividends. Debit Retained Earnings; credit

When a company pays $3,400 dividends to its stockholders, the transaction should be recorded as:

Multiple Choice

  • Debit Cash; credit Dividends.
  • Debit Retained Earnings; credit Dividends.
  • Debit Dividends; Credit Cash.
  • Debit Dividends; credit Accounts Payable

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