Ask Experts Questions for FREE Help !
Ask
    itsme0775's Avatar
    itsme0775 Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Feb 27, 2012, 06:30 PM
    Journal entry for dividends
    Dividends were declared and paid to stockholders in the amount of $1500, is the journal entry debit to cash and credit to common stock $1500
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Feb 27, 2012, 07:03 PM
    Debit Dividends
    Credit Cash
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal entry for dividends paid [ 0 Answers ]

Journal entry for dividends paid

Prepare a journal entry on January 19 for the payment of $5,500 of dividends. [ 1 Answers ]

Prepare a journal entry on January 19 for the payment of $5,500 of dividends.

What do I debit/credit in journal entry/adjusting entry? [ 1 Answers ]

Hi. I am unsure about the correct way to debit/credit these entries. Can someone help me? Window Washing Company opened on July 1, 2010. During July the following transactions were completed: July 1 Issued 14,456 shares of common stock for $14,456 cash. July 1 Purchased used truck for...

Journal entry regarding declared dividends [ 1 Answers ]

The Board of Directors declared a $2.25 per share dividend on the 3,000 shares of $75 par value common stock outstanding. The dividends will be payable on January 31 2006 to all stockholders of record as of January 25. This entry made as of Dec. 30 DR. Dividends Declared $6,750 CR....

View more questions Search