The Company Paid $100 Cash in Dividends to J $\begin{array} { | c | r | r | } \hline \text { Dividends } & 100 & \\\hline \text { Cash } & & 100 \\\hline\end{array}$

question 118

Multiple Choice

The company paid $100 cash in dividends to J. Smith, the owner. Which of the following general journal entries will Jay's Limo Services, Inc. make to record this transaction?

• A) \(\begin{array} { | c | r | r | }
• \hline \text { Dividends } & 100 & \\
• \hline \text { Cash } & & 100 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | c | r | r | }
• \hline \text { Cash } & 100 & \\
• \hline \text { Dividends } & & 100 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | r | r | }
• \hline \text { Comrnen Stock } & 100 & \\
• \hline \text { Dividends } & & 100 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | r | r | }
• \hline \text { Dividends } & 100 & \\
• \hline \text { Common Stock } & & 100 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | c | c | c | }
• \hline \text { Cash } & 100 & \\
• \hline \text { Common Stock } & & 100 \\
• \hline
• \end{array}\)

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Definitions:

Interest

The feeling of wanting to learn more about something or to be involved in something; also refers to a charge for borrowing money.

Self-Conscious Emotions

Emotions that require self-awareness, especially consciousness and a sense of “me”; examples include jealousy, empathy, and embarrassment.

Cognitive Reversals

The ability to switch perspectives or understanding that actions can be undone mentally, an important part of cognitive development.

Primary Emotions

Primary emotions are basic emotions that are experienced universally across cultures, such as happiness, sadness, fear, and anger.