Which of the following is the appropriate entry to record the declaration of cash dividends?

Name: Which of the following is the appropriate entry to record the declaration of cash dividends?
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Question

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The appropriate entry to record the declaration of cash dividends is to credit the Dividend Payable account and debit the Retained Earnings account. Option C contains the correct transaction code (TB2176) and the appropriate account numbers for the Dividend Payable (9011) and Retained Earnings (5448) accounts.

Which of the Following Is the Appropriate Entry to Record