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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
Malcolm Corporation declared a dividend of $3 per share on 1,200 shares. The entry to record the transaction would be to:
A) debit Retained Earnings $3,600; credit Dividends Payable $3,600.
B) debit Dividends Expense $3.600; credit Cash $3.600.
C) debit Retained Earnings $3,600; credit Cash $3,600.
D) debit Dividends Payable $3,600; credit Cash $3,600.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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7 years ago
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majestico Author
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7 years ago
Smart ... Thanks!
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Helped a lot
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