Vaughn Manufacturing paid dividends of $5100. As a result of this event, the Cash account was...
Vaughn Manufacturing paid dividends of $5100. As a result of this event, the
|
Cash account was increased by $5100. |
|
Cash account was increased and the Dividends account was decreased by $5100. |
|
Dividends account was increased by $5100. |
|
Dividends account was decreased by $5100. |
Homework Answers
Answer) Dividends accounts was increased by $5,100.
Journal Entries:-
Dividends A/c Dr.
To Dividend Payable A/c
(Being Dividend declared)
Dividend payable a/c Dr
To cash a/c
(being dividend paid)
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Vaughn Manufacturing paid dividends of $5100. As a result of
this event, the
Cash account was...
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