Ask Experts Questions for FREE Help !
Ask
    Freca's Avatar
    Freca Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 4, 2009, 11:24 AM
    Declared Dividends
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Oct 8, 2009, 12:46 AM

    If you'll replace the Accounts Payable with Dividends Payable, you'll be fine.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Dividends declared [ 1 Answers ]

If a company has declared $1,125,000 in dividends how do you calculate the distribution? 100,000 shares of common stock outstanding 25,000 shares of prederred stock outstanding dividens on preferred $2.50 per share par value for common is $2.00 par value for preferred is $10.00 per share

Declared Dividends [ 1 Answers ]

If a company declared and paid a special year-end 10 cents per share on the 150,000 shares of stock outstanding. Issue check number 509. How would the journal entry go?

Declared Dividends [ 1 Answers ]

Should declared dividends show on the Retained Earning statement

Declared dividends [ 1 Answers ]

If dividends are declared should they be shown on the trial balance?

Dividends declared [ 0 Answers ]

If a company lists a debit to dividends declared on their trial balance as an expense , how would this effect stockholders equity at period end? I do not think it would not be an adjusting entry to remove from expenses, but a reclassification entry but I am unsure of what entry to make:confused:

View more questions Search