Any accountants Please help!!

Discussion in 'The Lounge' started by doomedromance, Jan 19, 2010.

  1. doomedromance

    doomedromance Well-Known Member
    78

    Nov 9, 2009
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    The Left Coast
    If a corporation paid cash dividends to it's shareholders do you credit "Cash" or "Retained earnings"?

    Cash right? Because R/E is a credit balance account?
     

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