A company received dividends of $0.35 per share on 309 shares of stock it holds...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A company received dividends of $0.35 per share on 309 shares of stock it holds as an investment. The journal entry to record this transaction would be to debit cash forv $105 and credit dividend revenue for $105.
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!
