Multiple Choice
Use the following information for questions
On July 15, 2022, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares.The dividend is to be paid on August 15, 2022, to shareholders of record on July 31, 2022.
-The correct entry to be recorded on August 15, 2022 will include a
A) debit to Dividends Declared.
B) credit to Retained Earnings.
C) credit to Dividends Payable.
D) debit to Dividends Payable.
Correct Answer:
Verified
Correct Answer:
Verified
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