Melanie Corporation declared cash dividends of $13,500 during the current year. The beginning and ending balances in dividends payable were $450 and $750, respectively. What was the amount of cash paid for dividends?

Question

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$$\begin{array} { | l | r | r | } 
\hline \text { Retained earnings } & 13,500 & \
\hline \text { Dividends payable } & & { 3 0 0 } \
\hline \text { Cash } & & 13,200 \
\hline
\end{array}$$

Melanie Corporation Declared Cash Dividends of $13,500 During the Current