As dividends are received

As dividends are received - (credits) dividend revenue....

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As dividends are received, dividend income is recorded. If PWC Corporation pays a $1 per share  cash dividend, the entry to record the receipt of the dividend increases (debits) cash and increases 
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Unformatted text preview: (credits) dividend revenue. General Journal Date Account Title and Description Ref. Debit Credit 20X0 Mar. 12 Cash 72 Dividend Revenue 72 Dividends received...
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