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Jones Hardware,Inc

Question 66

Multiple Choice

Jones Hardware,Inc.pays a cash dividend of $6,000,what is the necessary entry to record this transaction:


A) Debit Cash,Credit Retained Earnings
B) Debit Dividends,Credit Cash
C) Debit Common Stock,Credit Cash
D) Debit Cash,Credit Common Stock
E) Debit Cash,Credit Dividend Income

Correct Answer:

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