When a dividend is declared and paid,the Dividends account is credited and Cash is debited.
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Q32: An increase in revenue is recorded with
Q33: When revenue has been earned,an entry can
Q34: Accounts Payable has a normal debit balance.
Q35: Dividends are classified as an expense.
Q36: A decrease in a dividend account is
Q38: When stockholders make an investment,the Common Stock
Q39: Unearned revenues are classified as assets on
Q40: Another word for expense is debt.
Q40: In a journal entry,debits are always recorded
Q42: A transposition error will cause the trial
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