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Business, 21.04.2020 20:23 lohnnaw4813

The board of directors of Chester, Inc. authorizes a $0.10 cash dividend to its 10,000 shares of common stock issued and outstanding. On the date of payment, a journal entry will debit which of the following accounts and for what amount?

A) Common Dividend Expense for $1,000.

B) Cash for $1,000.

C) Common Dividend Payable for $1,000.

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