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-   -   What Journal Entries should I use on Dividends? (https://www.askmehelpdesk.com/showthread.php?t=317085)

  • Feb 13, 2009, 08:09 PM
    nautilus66
    What Journal Entries should I use on Dividends?
    What Journal Entries should I use for Dividends:

    1 - Declaring Dividends
    2 - Distributing Dividends

    Thanks!
  • Feb 13, 2009, 08:15 PM
    minhiub

    I think

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

    2. Dividends: DR
    Cash: CR
  • Feb 13, 2009, 09:48 PM
    pready

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

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

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