Martinemaberry6545 Martinemaberry6545
  • 02-07-2021
  • Business
contestada

On Mar 3, Lyons Company paid dividends of $1,000. Use your knowledge of what a correct journal entry should look like to identify what would be include

Respuesta :

Zviko
Zviko Zviko
  • 05-07-2021

Answer:

Debit : Dividend $1,000

Credit : Cash $1,000

Explanation:

The Journal entry to record dividend payment include a Debit to Dividend Account and a Credit to Cash Account to depict the outflow of cash.

Answer Link

Otras preguntas

Jimmy is the sales manager of, Packaday, a packaging and shipping company. He has created a plan that will increase Packaday's customer base by 2.5 percent in t
A 0.70-kg block is hung from and stretches a spring that is attached to the ceiling. A second block is attached to the first one, and the amount that the spring
Find the length and width of a rectangle whose perimeter is36 feet and whose area is 77 square feet.​
slove:12x9³x4 - means divide---------------6x8²x27
what is 1 to the power of 5​
The position of an object moving in a straight line is given by the following formula where s is in meters and t is the time in seconds the object has been in m
How did the Nicaraguan Revolution re-define the parameters of art? What were some of the innovations that supported the renewed focus on folk art and poetry?
Physical depreciation means
Use the normal distribution to approximate the desired probability. A certain question on a test is answered correctly by 25.0 percent of the respondents. Estim
Expand the following: 3/8 (16x - 24) Please help me