When a company pays $2,500 dividends to its stockholders,the transaction should be recorded as:
A) Debit Cash;credit Dividends.
B) Debit Retained Earnings;credit Dividends.
C) Debit Dividends;credit Cash.
D) Debit Dividends;credit Accounts Payable.
Correct Answer:
Verified
Q35: Incurring an expense for advertising on account
Q103: When a company pays utilities of $1,800
Q104: Summer Leasing received $12,000 for 24 months
Q105: Schooner Inc.purchased equipment by signing a note
Q106: Xenon Corporation borrows $75,000 from First Bank.Xenon
Q109: Tyler Incorporated receives $150,000 from investors in
Q110: Clement Company paid an account payable related
Q111: Assume that $18,000 cash is paid for
Q112: On July 7,Saints Inc.received $10,000 in cash
Q113: Assume that cash is paid for rent
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