How should record in books of account

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Problem 1: The company Focus Ltda. Has announced that it will pay dividends to its shareholders at the end of this month. How should you record this in your books of account?

1-Decrease the Cash account and increase the Dividend Expense account

2-Decrease the Profits account and decrease the Dividend Expense account

3-Increase the account of Dividends Payable and increase the account of Dividend Expense

4-Increase the Cash account and increase the Dividend Expense account

Reference no: EM132930232

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