Question: Help Save & Hutter Corporation deciared a $0.50 per share cash dividend on its common shares. The company has 44,000 shares authorized, 23,400 shares issued,

Help Save & Hutter Corporation deciared a $0.50 per share cash dividend on its common shares. The company has 44,000 shares authorized, 23,400 shares issued, and 17,600 shares of common stock outstanding. The Journal entry to record the dividend declaration is: Multiple Choice Debit Common Dividends Payable $1700, credit Cash $11700. Debt Retained Earrings $8.800.crech Common Dividends Payable $8.800 Det hand wringt 522,000 cuda Common Dividends Puyati 522000 De 100. Credit Common Dividenda Payette 1.700 Next > Multiple Choice Debit Common Dividends Payable $11,700; credit Cash $11,700, O Debit Retained Earnings $8,800 credit Common Dividends Payable $8,800. Debit Retained Earnings $22,000: credit Common Dividends Payable $22,000. Debit Retained Earnings $11.700 credit Common Dividends Payable $11700. Debit Common Dividends Payable $8.800 credit Cash $8,800
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