If the company declare dividends for 32,000 on December 13,2009 but this dividend are payable to the common shareholder on january30, 2010 my journal entry must be:

( for December 2009)
Dividens 32000
Account Payable 32000

( for January 30,2010)
Account Payable 32000
Cash 32000

:confused:Please clarify me Thanks a lot!

Freca.

If you'll replace the Accounts Payable with Dividends Payable, you'll be fine.