Question

ABC Corp paid out $60,000 in dividends. How will this be recorded in ABC's journal?

Select an answer:

1.a debit to dividends and a credit to cash


2a credit to dividends and a debit to cash


3a credit to retained earnings and a credit to cash


4a credit to revenue and a debit to dividends

Answer 1

Answer:

i don't know sorrryyyyy

Answer 2

a debit to dividends and a credit to cash