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Dividends of $1,000 is paid in cash to the stockholder of Pizza Inc. The general ledger account effects are: Dividends Expense is recorded as a debit and Cash is recorded as a credit Dividends is recorded as a debit and Cash is recorded as a credit O Dividends is recorded as a debit and Accounts payable is recorded as a credit Cash is recorded as a debit and Dividend revenue is recorded as a credit

Dividends of $1,000 is paid in cash to the stockholder of Pizza Inc. The general ledger account effects are: Dividends Expense is recorded as a debit and Cash is recorded as a credit Dividends is recorded as a debit and Cash is recorded as a credit O Dividends is recorded as a debit and Accounts payable is recorded as a credit Cash is recorded as a debit and Dividend revenue is recorded as a credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dividends of $1,000 is paid in cash to the stockholder of Pizza Inc. The general ledger account effects are: Dividends Expense is recorded as a debit and Cash is recorded as a credit Dividends is recorded as a debit and Cash is recorded as a credit Dividends is recorded as a debit and Accounts payable is recorded as a credit Cash is recorded as a debit and Dividend revenue is recorded as a credit 010 O
Transcribed Image Text:Dividends of $1,000 is paid in cash to the stockholder of Pizza Inc. The general ledger account effects are: Dividends Expense is recorded as a debit and Cash is recorded as a credit Dividends is recorded as a debit and Cash is recorded as a credit Dividends is recorded as a debit and Accounts payable is recorded as a credit Cash is recorded as a debit and Dividend revenue is recorded as a credit 010 O
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