What Journal Entries should I use for Dividends:

1 - Declaring Dividends
2 - Distributing Dividends

Thanks!

I think

1. Dividends Declared: DR
Other (Dividends) Payable: CR

2. Dividends: DR
Cash: CR

1. Debit Dividends for the amount
Credit Dividends payable for the amount

2. Debit Dividends payable for the amount
Credit Cash for the amount