A decrease in a dividend account is recorded with a credit.
Correct Answer:
Verified
Q31: Office supplies are classified as an asset.
Q32: An increase in revenue is recorded with
Q33: When revenue has been earned,an entry can
Q34: Accounts Payable has a normal debit balance.
Q35: Dividends are classified as an expense.
Q37: When a dividend is declared and paid,the
Q38: When stockholders make an investment,the Common Stock
Q39: Unearned revenues are classified as assets on
Q40: Another word for expense is debt.
Q40: In a journal entry,debits are always recorded
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents