QUESTION 35 On January 1, 2019, Declan Diaper Co. declared a $2.00 per share dividend payable on February 1, to holders of record on January 15. Before the dividend was declared, the company had 200,000 shares of $10 par value stock outstanding On the date of declaration, the journal entry to record the dividend would include O A. a credit to Cash of $ 400,000. B. a debit to Dividends Payable of $ 400,000. C. There would be no journal entry on this date None of the above OD. a credit to Retained Earnings of $ 400,000. O E. a credit to Dividends Payable of $ 400,000. QUESTION 36 On January 1, 2019, Declan Diaper Co. declared a $2.00 per share dividend payable on February 1, to holders of record on January 15. Before the dividend was declared, the company had 200,000 shares of $10 par value stock outstanding. On the date of payment, the journal entry would include a A. a credit to Cash of $ 400,000. B. a debit to Retained Earnings of $ 400,000. C. a credit to Dividends Payable of $ 400,000. D. There would be no journal entry on this date. O E. a credit to Retained Earnings of $ 400,000. QUESTION 37 If Malcom deposits $1,000 in a bank account that pays 4% compounded quarterly, how much will he have in 6 years? O A. $ 1,942.05 B. $ 1,787.57 C. none of the listed choices OD. $ 1.390.12 O E. $ 1,269.73 QUESTION 38 Gast Company had wages payable at the beginning of the year of $20,000. During the year the company paid cash for wages of $80,000 and at the end of the year the company owed wages of $10,000. The income statement for the year will show wage expense of: O A. $ 86,000 B. $ 88,000 OC. $ 70,000 OD. $ 80,000 O E. $ 90,000