Business, 29.11.2020 21:10 klrm8045

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 33,000 shares authorized, 16,800 shares issued, and 13,200 shares of common stock outstanding. The journal entry to record the dividend declaration is:a. Deblt Retained Earnings $6.600: credit Common Dividends Payable $6.600. b. Debrt Common Diwidends Payable $6.600. credit Cesh $6.600 c. Debit Retained Earnings $8.400 credit Common Dividends Payable $8.400 d. Debit Common Dividends Payable $8.400: credit Cash $8,400 e. Debit Retained Earnings $16.500: credit Common Dividends Payable $16,500

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Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 33...

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