MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1,

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MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1, 2008. The entry on December 1, 2007 for this event would include a debit to:

a. retained earnings.

b. dividend expense.

c. common stock.

d. additional paid in capital.

Related Book For answer-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Dec 31, 2018 10:57 AM

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MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1,

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a retained earnings Explanation There are two ways to record dividend Firs... View the full answer

Accounting Principles

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