On april 1st brown corporation declares a 25000 cash


On April 1st, Brown Corporation declares a $25,000 cash dividend that will be paid on May 1st. The entry to record the payment of the dividend on May 1st includes a:

debit to Retained Earnings

debit to Dividends Payable

debit to Cash

credit to Dividends Payable

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Financial Accounting: On april 1st brown corporation declares a 25000 cash
Reference No:- TGS01687850

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