The board of directors declared a $2.30 per-share cash dividend payable on January 14 to stockholders of record on December 26 (after purchases of stock).
I am calculating 4,600 shares outstanding.

Will the journal entry be:
Dividends 10580.00
Dividends Payable 10580.00
Or
Dividend 10580.00
Dividend payable 10580.00

Retained Earnings 10580.00
Dividends 10580.00

Also will this be recorded in the General Journal or a Special Journal?

Pleas Help!

Dividends are paid out of retained earnings, the question is how you have structured your accounts, are you bringing to account a liability? Or recording the actual payment?