Paying a dividend to the company's shareholders would include a:
A) debit to Dividends and a credit to Cash
B) debit to Retained Earnings and a credit to Dividends
C) debit to Accounts Payable and a credit to Retained Earnings
D) debit to Cash and a credit to Dividends
Correct Answer:
Verified
Q47: A trial balance that is "in balance"
Q48: The normal balance of the Dividends account
Q49: The accounting transaction to record payment of
Q50: When a company performs a service and
Q51: Receiving a cheque from a customer on
Q53: Which of the following accounts does not
Q54: Purchasing supplies and paying cash for them
Q55: Note payable, accounts payable, and salary payable
Q56: Performing a service on account would include
Q57: The purchase of office equipment for cash
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