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  3. a company declared a $0.55 per share cash dividend

A company declared a $0.55 per share cash dividend.The company has 200,000 shares authorized, 190,000...

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Accounting

A company declared a $0.55 per share cash dividend.The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 treasury shares. The journal entry to record the dividend declaration is:

Multiple-Choice (2 Points)

  1. A.

    Debit Share Dividends $100,100; credit Ordinary Share Dividend Distributable $100,100.

  2. B.

    Debit Share Dividends $104,500; credit Ordinary Share Dividend Distributable $104,500.

  3. C.

    Debit Share Dividends $110,000; credit Ordinary Share Dividend Distributable $110,000.

  4. D.

    Debit Ordinary Share Dividend Distributable $104,500; credit Cash $104,500.

  5. E.

    Debit Ordinary Share Dividend Distributable $100,100; credit Cash $100,100.

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