On February 16,Hawthorne Co

question 234

Multiple Choice

On February 16,Hawthorne Co.declares a $1.36 dividend to be paid on April 5.There are 1,900,000 shares of common stock issued and outstanding.The entry recorded by the company on April 5 includes a debit to:

• A)A debit to Dividends Payable and a credit to Cash for $2,720,000.
• B)A debit to Dividends and a credit to Dividends Payable for $2,584,000.
• C)A debit to Dividends Payable and a credit to Cash for $2,584,000.
• D)A debit to Dividends and a credit to Dividends Payable for $2,720,000.

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