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) \(\begin{array} { | c | c | c | }
• \hline \text { Cash } & 100 & \\
• \hline \text { Common Stock } & & 100 \\
• \hline
• \end{array}\)