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Use the following information to answer the question(s) below. The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 20x2. The dividend is to be paid on July 15, 20x2, to shareholders of record on July 1, 20x2. 1. The proper entry to be recorded on June 14,20x2, will include a a. debit to Dividends. b. credit to Cash. credit to Retained Earnings. a debit to Dividends Payable. 2. The effects of the entry to record the declaration of the dividend on June 14, 20x2, are to a. decrease stockholders' equity and increase liabilities. b. increase stockholders' equity and increase liabilities. c. decrease stockholders' equity and decrease assets. d. increase stockholders' equity and decrease assets. 3. The proper entry to be recorded on July 15, 20x2, will include a a. credit to Dividends Payable. debit to Dividends Payable. C. credit to Dividends. d. debit to Dividends. action/s) halozn

Use the following information to answer the question(s) below. The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14,202. The dividend is to be paid on July 15,202, to shareholders of record on July 1,202. 1. The proper entry to be recorded on June 14,202, will include a a. debit to Dividends. b. credit to Cash. c. credit to Retained Earnings. (d) debit to Dividends Payable. 2. The effects of the entry to record the declaration of the dividend on June 14,202, are to (a.) decrease stockholders' equity and increase liabilities. b. increase stockholders' equity and increase liabilities. c. decrease stockholders' equity and decrease assets. d. increase stockholders' equity and decrease assets. 3. The proper entry to be recorded on July 15,202, will include a a. credit to Dividends Payable. b. debit to Dividends Payable. c. credit to Dividends. d. debit to Dividends

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