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Andes, Inc. pays its shareholders a dividend of $10,000. What journal entry should Andes, Inc. record?
Group of answer choices
a. DR: Stock 10,000; CR: Cash 10,000
b. DR: Cash 10,000; CR: Dividend 10,000
c. DR: Asset 10,000; CR: Equity 10,000
d. DR; Dividend 10,000; CR: Cash 10,000
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Andes, Inc. pays its shareholders a dividend of $10,000. What journal entry should Andes, Inc. record?...
Moses, Inc receives $50,000 in cash in exchange for ownership in their company. Which journal entry should Moses, Inc. record? Group of answer choices a. DR: Revenue 50,000; CR: Stock 50,000 b. DR: Cash 50,000; CR: Stock 50,000 c. DR: Stock 50,000; CR: Cash 50,000 d. DR: Cash 50,000; CR: Revenue 50,000
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