The business paid $100 cash dividend to Charles Nice (the sole stockholder of the corporation). Set up the necessary T-accounts below by entering appropriate account names, and show how this transaction would be recorded directly in those accounts.

Question

Quizplus · Accepted Answer

The Answer of The business paid $100 cash dividend to Charles Nice (the sole stockholder of the corporation). Set up the necessary T-accounts below by entering appropriate account names, and show how this transaction would be recorded directly in those accounts.

The Business Paid $100 Cash Dividend to Charles Nice (The