The Journal Entry on the Date of Record for Cash

question 114

Multiple Choice

The journal entry on the date of record for cash dividends is:

• A)non-existent.No journal entry is required on the date of record.
• B)to debit Retained Earnings and credit Dividends Payable.
• C)to credit Dividends and credit Cash.
• D)to debit Dividends Payable and credit Cash.

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Definitions:

Basic Survival Instincts

The innate, automatic behaviors and responses aimed at preserving one’s life and well-being.

Voluntary Movements

Movements controlled consciously by the brain, usually in response to stimuli or as deliberate actions, contrasting with involuntary movements like reflexes.

Cranial Nerves

are the twelve pairs of nerves that emerge directly from the brain, not the spinal cord, and control various functions of the body and head.

Glossopharyngeal

A cranial nerve that innervates parts of the tongue and pharynx, playing roles in taste, swallowing, and salivation.