Paying a dividend to the company's stockholders would include a debit to:
A) Accounts Payable and a credit to Retained Earnings.
B) Retained Earnings and a credit to Cash.
C) Dividends and a credit to Cash.
D) Cash and a credit to Dividends.
Correct Answer:
Verified
Q39: Accounting transactions are initially recorded in the:
A)poster.
B)ledger.
C)journal.
D)T-
Q40: Which of the following is NOT an
Q41: Consider the following transactions: I. Owners invested
Q42: Which of the following statements regarding a
Q43: Receiving a check from a customer on
Q45: The owner of a business paid cash
Q46: The normal balance of the Dividends account
Q47: The payment of an amount owed to
Q48: Which of the following transactions would increase
Q49: The collection of cash from a cash
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