JSmith,the Sole Stockholder,received a $100 Dividend from Jay's Limo Services $\begin{array}{|l|r|r|}\hline \text { Dividends } & 100 & \\\hline \text { Cash } & & 100 \\\hline\end{array}$

Multiple Choice

J.Smith,the sole stockholder,received a $100 dividend from Jay's Limo Services.Which of the following general journal entries will Jay's Limo Services make to record this transaction?

A) $\begin{array}{|l|r|r|}\hline \text { Dividends } & 100 & \\\hline \text { Cash } & & 100 \\\hline\end{array}$
B) $\begin{array}{|l|r|r|}\hline \text { Cash } & 100 & \\\hline \text { Dividends } & & 100 \\\hline\end{array}$
C) $\begin{array}{|l|r|r|}\hline \text { Common Stock } & 100 & \\\hline \text { Dividends } & & 100 \\\hline\end{array}$
D) $\begin{array}{|l|r|r|}\hline \text { Dividends } & 100 & \\\hline \text { Common Stock } & & 100 \\\hline\end{array}$
E) $\begin{array}{|l|r|r|}\hline \text { Cash } & 100 & \\\hline \text { Common Stock } & & 100 \\\hline\end{array}$