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    nautilus66's Avatar
    nautilus66 Posts: 1, Reputation: 1
    New Member
    		  
    #1

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

    1 - Declaring Dividends
    2 - Distributing Dividends

    Thanks!
    minhiub's Avatar
    minhiub Posts: 5, Reputation: 1
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    #2

    Feb 13, 2009, 08:15 PM

    I think

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

    2. Dividends: DR
    Cash: CR
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Feb 13, 2009, 09:48 PM

    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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