on-april-11th-a-company-pays-a-dividend-of-300000-what-is-the-journal-entry-reco

Question

On April 11th, a company pays a dividend of $300,000. What is the journal entry recorded on this date?

Accepted Answer

Debit Dividends Payable $$300,000; Credit Cash 300$$,000

Answer

Debit Dividends Payable $$300,000; Credit Dividends 300$$,000

Answer

Debit Cash $$300,000; Credit Dividends Payable 300$$,000

Answer

Debit Dividends $$300,000; Credit Dividends Payable 300$$,000

On April 11th, a company pays a dividend of \$300,000. What is the journal entry recorded on this date?