Which of the following entries records the payment of a cash dividend by a corporation Which of the following entries records the payment of dividends a debit Dividends credit Cash b debit Salaries Expense credit Salaries Payable c debit Common Stock credit Cash d debit Salaries Expense credit Cash

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2020

Which of the following entries records the payment of a cash dividend by a corporation Which of the following entries records the payment of dividends?

Which of the following entries records the payment of a cash dividend by a corporation

Which of the following entries records the payment of dividends?

	a.	debit Dividends; credit Cash
	b.	debit Salaries Expense; credit Salaries Payable
	c.	debit Common Stock; credit Cash
	d.	debit Salaries Expense; credit Cash

Step by Step Solution

★★★★★

3.45 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Debit dividends The record Dividends or Cash Dividend... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Process Dynamics And Control

Authors: Dale E. Seborg, Thomas F. Edgar, Duncan A. Mellich

2nd Edition

471000779, 978-0471000778

More Books

Students also viewed these Accounting questions

Question

★★★★★

Which of the following credit terms would you prefer as a customer? a. 2/10, net 30 b. 1/10, net 40 c. 2/10, net 40 d. 1/10, net 25 e. Indifferent among all options Explain your choice.

Answered: 1 week ago

Question

★★★★★

Which of the following C corporations will be allowed to use the cash method of accounting for 2015? Explain your answers. a. Jade Corporation, which had gross receipts of $5.3 million in 2012, $4.1...

Answered: 1 week ago

Question

★★★★★

Which of the following C corporations will be allowed to use the cash method of accounting for 2017? Explain your answers. a. Jade Corporation, which had gross receipts of $5.3 million in 2014, $4.1...

Answered: 1 week ago

Question

★★★★★

A chamber contains a mixture of CO2, CO and O2 is in equilibrium at a specified temperature and pressure. How will (a) Increasing the temperature (T) at constant pressure and (b) Increasing the...

Answered: 1 week ago

Question

★★★★★

When Parson Company acquired all of Soaper Company's st on July 1, 2013, Soaper's inventory was undervalued by $160,000,000, plant assets with a ten-year1' were overvalued by $200,000,000, and...

Answered: 1 week ago

Question

★★★★★

When the patrol car in Problem 122 (traveling at 190 km/h) pulls to within 100 m behind the speeder (traveling at 125 km/h), the speeder sees the police car and slams on his brakes, locking the...

Answered: 1 week ago

Question

★★★★★

Am I surfing to avoid a more difficult or unpleasant t ask?

Answered: 1 week ago

Question

★★★★★

Aretail store in Des Moines, Iowa, receives shipments of a particular product from Kansas City and Minneapolis. Let x = units of product received from Kansas City y = units of product received from...

Answered: 1 week ago

Question

★★★★★

Which of the following are not used for representing a Boolean function Group of answer choices Logical formula Decision operations Truth Table Binary Decision Diagrams

Answered: 1 week ago

Question

★★★★★

Alice has invented a new card game to play with Bob. Alice made a deck of cards with random values between 1 and 52. Bob picks 5 cards. Then, he has to rearrange the cards so that by utilizing the...

Answered: 1 week ago

Question

★★★★★

Recording Asset Retirement Obligation BPP Company maintains underground storage tanks for its operations. A new storage tank was installed and made ready for use at a cost of $3,600,000 on January 1...

Answered: 1 week ago

Question

★★★★★

Using a sample space S = {1, 2, 3, 4} with Pr(i) = 1/4 and A = {1, 2} find examples of events B,C and D where Pr(A | B) Pr(A). Let E = {1, 2, 3}, F = {2,...

Answered: 1 week ago

Question

★★★★★

Question 2 Bramble Ltd. is authorized to issue 10,000, $6 noncumulative preferred shares. On January 13, it issued 2,700 preferred shares for $85 cash per share. Prepare the journal entry to record...

Answered: 1 week ago

Question

★★★★★

Mackenzie Corp. is preparing the December 31, 2023, year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability $ 6,650 Income tax expense Mortgage...

Answered: 1 week ago

Question

★★★★★

A driver in a moving car applies the brakes. The car slows to a final speed of 2.95 m/s over a distance of 40.0 m and a time interval of 7.70 s. The acceleration while braking is approximately...

Answered: 1 week ago

Question

★★★★★

2. (40 pts) The Howard County Hospital is assessing its Emergency Department (ED) capacity so it knows how to expand as the county population grows. The hospital has the following information about...

Answered: 1 week ago

Question

★★★★★

Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.72 0.51 0.38 99.45 6 Anova df SS MS F Significance F 0.11 1 41497.60 41497.60 4.20 Regression Residual 4...

Answered: 1 week ago

Question

★★★★★

Given the table below, about how much force does the rocket engine exert on the 4.0 kg payload? Distance traveled with rocket engine firing (m) Payload final velocity (m/s) 500 320 490 310 1020 450...

Answered: 1 week ago

Question

★★★★★

Two surge tanks are used to dampen pressure fluctuations caused by erratic operations of a large air compressor. (See Figure) (a) If the discharge pressure of the compressor is Pd(t) and the...

Answered: 1 week ago

Question

★★★★★

Consider the following transfer function: (a) What is the steady-slate gain? (b) What is the time constant? (c) If U(s) = 2/s, what is the value of the output y(t) when t ? ?? (d) For the same U(s),...

Answered: 1 week ago

Question

★★★★★

A heat exchanger used to heat a glycol solution with a hot oil is known to exhibit first-order-plus-time-delay behavior, G 1 (s) = T?(s)/Q?(s), where r is the outlet temperature deviation and Q? is...

Answered: 1 week ago

Question

★★★★★

Data for Fairchild SA are presented in E23.11. Fairchild SA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 Sales...

Answered: 1 week ago

Question

★★★★★

The accounts below appear in the ledger of Popovich SA. Instructions From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a...

Answered: 1 week ago

Question

★★★★★

Following are selected statement of financial position accounts of Sander Bros. Corp. at December 31, 2019 and 2018, and the increases or decreases in each account from 2018 to 2019. Also presented...

Answered: 1 week ago

Previous Question Next Question