Declared and paid a special year-end 10 cents per share on the 150,000 shares of stock outstanding. What is the journal entry:confused:

DR Bank Account ------------15,000
Cr Paid-Up Capital Account -----------15,000

Being the receipt of 10 cents per share on the 150,000 shares of stock outstanding.

If you are the one who pays, you should credit your cash account and a debit to your dividends with the same amountyou pay out.
DR Dividends... 15,000
Cr Cash... 15,000
Notes: This dividends will decrease your retained earnings as you prepare the financial statements.

I did not read your question carefully. You ased for the declaration and the payment J/E
Declaration:
DR: Dividends... 15,000
Cr:Account payable... 15,000
The day you made the payment to shareholders:
DR: account payable... 15,000

I did not read your question carefully. You ased for the declaration and the payment J/E
Declaration:
DR: Dividends... 15,000
Cr:Account payable... 15,000
The day you made the payment to shareholders:
DR: account payable... 15,000
Cr:Cash... 15,000