QUESTION 1 1 points Save Answer On the date of payment, a cash dividend would be recorded with a debit to what account? cash cash dividends dividends payable no entry necessary QUESTION 2 1 points Save Answer On the date of declaration, a cash dividend would be recorded with a debit to what account? cash cash dividends dividends payable no entry necessary QUESTION 3 1 points Save Answer On the date of declaration, a stock dividend would be recorded with a debit to what account? common stock stock dividends common stock dividends distributable no entry necessary QUESTION 4 1 points Save Answer The sale of no-par stock for $100 cash would be recorded with a credit to what account? cash common stock Paid in capital in excess of par sales revenue QUESTION 5 1 points Save Answer On the date of record, a cash dividend would be recorded with a debit to what account? cash cash dividends dividends payable no entry necessary QUESTION 6 1 points Save Answer The sale of 100 shares of $1 par value common stock sold for $500 cash would be recorded with a debit to what account? cash common stock Paid in capital in excess of par sales revenue QUESTION 7 1 points Save Answer On the date of payment, a stock dividend would be recorded with a credit to what account? common stock stock dividends common stock dividends distributable no entry necessary QUESTION 8 1 points Save Answer The sale of no-par stock for $100 cash would be recorded with a debit to what account? cash common stock Paid in capital in excess of par sales revenue QUESTION 9 1 points Save Answer On the date of payment, a stock dividend would be recorded with a debit to what account? stock dividends common stock dividends distributable no entry necessary QUESTION 10 1 points Save Answer The sale of no-par stock for $100 cash would be recorded with a credit to what account? cash common stock for $100 Paid in capital in excess of par for $100 ) O sales revenue for $500