Question

cincinnati supply, co. is a local supplier to the kraft heinz company, which is the third - largest food and beverage company in north america and the fifth - largest food and beverage company in the world. cincinnati supply, co. paid $100 cash in dividends to kinsley shuck, the owner. which of the following general journal entries will cincinnati supply, co. make to record this transaction? dividends 100 cash 100 cash 100 common stock 100 dividends 100 common stock 100 common stock 100 dividends 100 cash 100 dividends 100

Explanation:

When a company pays dividends in cash, it debits the Dividends account to record the distribution of earnings and credits the Cash account to show the outflow of cash.

Answer:

Dividends 100
Cash 100