RECOMMENDED!!ACCT 320-When a dividend is declared, the accounts debited and credited are

  

When a dividend is declared, the accounts debited and credited are:dividend and dividend payable.dividend payable and cash in bank.retained earnings and dividends.cash and dividend payable.2 points On the date of record of dividend, the accounts to be debited and credited are:dividend and dividend payable.dividend payable and cash in bank.no journal entry is made.retained earnings and dividend.

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