Business, 12.02.2021 03:00, alexis3060

Select the correct answer. On May 30, 2015, XYZee Inc. paid a dividend of $10,000 to its shareholders. How will this transaction be recorded in the journal of the corporation?
A.
Cash Account (Debit) $10,000 Dividend Account (Credit) $10,000
B.
Dividend Account Debit) $10,000 Cash Account (Credit) $10,000
C.
Common Stock Account (Debit) $10,000 Cash Account Credit) $10,000
D.
Cash Account (Debit) $10,000 Common Stock Account (Credit) $10,0000

Answers: 2

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Select the correct answer. On May 30, 2015, XYZee Inc. paid a dividend of $10,000 to its shareholde...