Transaction: Sun Co. pays a dividend of $3,900 Required: For the...
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Accounting
Transaction: Sun Co. pays a dividend of $3,900 Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) What is the dollar amount of change in the accounts? (d) If Retained Earnings is selected, choose the reason that it has changed. Which accounts are affected? What is the amount of transaction? Why has Retained Earnings changed? Account Is the account Increased or decreased? Increase $ Cash Decrease Increase so Accounts Receivable Decrease Increase Decrease $0 Supplies Increase s Tools Check Explanation 2021
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