Devendra Company pays cash dividends of $600. The entry for this transaction will include a debit of $600 to

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Mirandatrujillo8194idn Mirandatrujillo8194idn

02-07-2021
Business

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Devendra Company pays cash dividends of $600. The entry for this transaction will include a debit of $600 to

Sagot :

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Abiolataiwo2015idn Abiolataiwo2015idn · Answer 1 · 2021-07-03T20:14:28-04:00

Abiolataiwo2015idn Abiolataiwo2015idn

03-07-2021

Answer:

Dividend

Explanation:

Based on the information given if the Company pays CASH DIVIDENDS of the amount of $600, the Appropriate journal entry for this transaction will include a DEBIT of $600 to DIVIDENDS

as the $600 represent CASH DIVIDEND amount paid by the company.

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