Transaction 9 Cash dividends totalling $3,000 were declared and paid to stockhol

Question

Transaction 9
Cash dividends totalling $3,000 were declared and paid to stockholders on March 31.

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:   

Account:             Dollar amount:  

For account parts, you should choose from options below:

Cash,
Accounts Receivable,
Inventory,
Prepaid Rent,
Fixtures and equipments,
Accounts Payable,
Interest Payable,
Wages Payable,
Notes Payable,
Paid-in Capital,
Retained Earnings,
Leave Bank

Explanation / Answer

Account: Cash Dollar amount:    -3000

Account: Retained Earnings Dollar amount: -3000

Account: Leave Blank Dollar amount:   

Account:  Leave Blank             Dollar amount:   

Account:   Leave Blank            Dollar amount:

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