The entry to record the payment of a previously declared dividend of $0.25 per share on 18,500 shares of common stock includes a ________.
A) debit to Cash Dividends for $4625
B) debit to Cash $4625
C) credit to Cash Dividends for $4625
D) debit to Dividends Payable for $4625
D) debit to Dividends Payable for $4625
Explanation: Dividend per share $0.25
No. of shares × 18,500
Total dividend payment $4625
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