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Company paid out $60,000 in dividends. How will this be recorded in journal?

Company paid out $60,000 in dividends. How will this be recorded in journal?
asked 189k views
15 votes
Company paid out $60,000 in dividends. How will this be recorded in journal?

Company paid out $60,000 in dividends. How will this be recorded in journal?-example-1
asked
User Jameela
by
8.6k points

1 Answer

7 votes

Answer: The answer is a debit to dividends and a credit to cash

Step-by-step explanation: just believe me lol

answered
User Stichoza
by
7.9k points
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