A cash dividend was paid in the amount of $3,800.
Please keep track of your work.
Prepare the necessary Journal Entry to record these transactions. If an entry is not required for any of these transactions, state this and explain why.
A cash dividend was paid in the amount of $3,800.
Homework Answers
| Account Titles | Debit | Credit |
| Retained Earnings / Dividend | $ 3,800 | |
| Cash | $ 3,800 | |
| (To record payment of cash dividend) |
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