Question

Boxta company distributed $20,000 as cash dividends. The closing entry to required for dividend account is: a. Account Title & Explanation Debit Income Summary Dividends b. Account Title & Explanation Debit Dividend Dividends Payable c. Account Title & Explanation Retained Earnings Dividends d. Account Title & Explanation Dividend Cash $20,000 $20,000 Credit $20,000 Credit $20,000 Credit $20,000 Credit $20,000 Debit $20,000 Debit $20,000​

Answer 1

Answer:

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Explanation:

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