Answered: OA. Retained Earnings account is…

OA. Retained Earnings account is debited OB. Retained Earnings account is credited OC. Cash account is credited OD. Cash account is debited

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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When a cash dividend is declared, the
O A. Retained Earnings account is debited
OB. Retained Earnings account is credited
OC. Cash account is credited
OD. Cash account is debited

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