Question: When the board declares dividends, the correct journal will be Select one a. Dr. Dividends Expense, Cr. Dividends Payable. b. Dr. Dividend Declared, Cr. Credit

When the board declares dividends, the correct journal will be Select one a. Dr. Dividends Expense, Cr. Dividends Payable. b. Dr. Dividend Declared, Cr. Credit Cash. c. Dr. Dividends Declared, Cr. Dividends Payable. d. Dr. Dividends Receivable, Cr. Dividends Revenue

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