Question: When a company pays $ 2 , 4 0 0 dividends to its stockholders, how would the transaction be recorded? Multiple Choice Debit Retained Earnings;

When a company pays $2,400 dividends to its stockholders, how would the transaction be recorded?
Multiple Choice
Debit Retained Earnings; credit Dividends
Debit Dividends; credit Cash
Debit Dividends; credit Accounts Payable
Debit Cash; credit Dividends

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