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


Answer: D) debit to Dividends Payable for $4625

Explanation:  Dividend per share    $0.25
No. of shares    × 18,500
Total dividend payment     $4625

Business

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