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What abc will make the genral journal entries

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Reference no: EM132582235

Question 1: ABC Corporation. ABC's Board of Directors decided to declare and pay cash dividends of 50 cents per share. ABC will make the following Genral Journal Entries as follows:

a. Dividends Dr.,$1,250,000 ; Cash $1,250,000 Cr

b. Retained Earnings Dr. $1,250,000; Cash $1,250,000

c. Cash Dr. $1,250,000; Dividends $1,250,000

d. All of the above

e. None of the above.

Reference no: EM132582235

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