At the End of the Year a Company Declared a Final

Multiple Choice

At the end of the year a company declared a final cash dividend out of its retained earnings.The journal entry to record the declaration is:

A) Debit Cash; credit Final Dividend Payable
B) Debit Final Dividend Payable; credit Cash
C) Debit Share Capital; credit Final Dividend Payable
D) Debit Retained Earnings; credit Final Dividend Payable