12 - Texas Tech University
the dividend was to be paid on August 1, 2008 to the shareholders of record at July 1, 2008. The journal entry to record the declaration on June 1, 2008 would be: A) Dividend Expense 100,000. Cash 100,000. B) Retained Earnings (Dividends) 100,000. Cash 100,000. C) Dividend Expense 100,000. Dividends Payable 100,000 ................
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