Acompanys board of directors votes to declare a cash on common shares outstanding journal entry...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Acompanys board of directors votes to declare a cash on common shares outstanding journal entry record the declaration of the cash didend
its not D
Theor y to read the declaration of the cash dividende Acompany's board of directions votes to declare a cash vidend of $10 per share ons 12.000 common thround Debit deed Expence $12.000 Cash 12.000 Debit Dividend Expense $12.000. creditCommon Dividend Payable 512.000 Debit Common Dividend Payable $12,000, Credit Cash $12,000 Debit Retained Earrings $12,000 Credit Common Dividend Payable 512.000 Debit Common Dividend Payable 512,000 credit Retained Earrings $12.000
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!
