Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 29. what is the journal entry to record the declar

29. What is the journal entry to record the declaration of a $15,000 dividend? a....

60.1K

Verified Solution

Question

Accounting

image

29. What is the journal entry to record the declaration of a $15,000 dividend? a. Dividends $15,000 Retained Earnings S15,000 b. Cash S15,000 $15,000 Dividends Payable c. Dividends $15,000 Dividends Payable S15,000 0. What is the journal entry to record the payment of the above dividend? a. Dividends $15,000 Retained Earnings S15,000 b. Dividends Payable S15,000 Cash S15,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students