Question
Which journal entry reflects the following transaction? BOC declared a dividend of $9,000 to be paid in cash next month. Dr. Dividend Expense 9,000 chrome
Which journal entry reflects the following transaction?
BOC declared a dividend of $9,000 to be paid in cash next month.
Dr. Dividend Expense 9,000
chrome Dividends payable 9,000
Dr. Dividend Expense 9,000
Chrome Cash 9,000
Dr. Retained earnings 9,000
Chrome Cash 9,000
Dr. Retained earnings 9,000
chrome Dividends payable 9,000
Dr. Dividends payable 9,000
chrome Dividend expenses 9,000
Step by Step Solution
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Step: 1
The correct journal entry for the given transaction is Dr Retained earnings 9000 Cr Dividends payabl...
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
