Question : 157.West Company declared a $0.50 per share cash dividend. The : 1258363
157.West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the payment of the dividend is: A.Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. B.Debit Common Dividends Payable $95,000; credit Cash $95,000. C.Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000. D.Debit Common Dividends Payable $90,000; credit […]