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Business, 11.05.2021 18:40 kacaria

A company paid Jen Rogers, its sole stockholder, a total of $18,000 in dividends during the current year. The entry needed to close the dividends account is: Multiple Choice Debit Retained earnings and credit Dividends for $18,000. Debit Dividends and credit Retained earnings for $18,000. Debit Income Summary and credit Cash for $18,000. Debit Income Summary and credit Dividends for $18,000. Debit Dividends and credit Cash for $18,000

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A company paid Jen Rogers, its sole stockholder, a total of $18,000 in dividends during the current...

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