Stear Corp. paid $35,000 as dividends to its shareholders for an accounting period. What is the entry in the journal of the company?
A. Dividend Account (debit) 35,000; Cash Account (credit) 35,000
B. Cash Account (debit) 35,000; Dividend Account (credit) 35,000
C. Dividend Account (debit) 35,000; Shares Account (credit) 35,000
D. Shares Account (debit) 35,000; Cash Account (credit) 35,000
E. Shares Account (debit) 35,000; Dividend Account (credit) 35,000
Answers: 2
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Stear Corp. paid $35,000 as dividends to its shareholders for an accounting period. What is the entr...
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