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

    Jun 7, 2009, 06:18 AM
    Retained Earnings & Dividend
    My question, if the closing balance of the retained earning 1 Million, what is the entry for the dividend of 800,000.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Jun 7, 2009, 11:29 AM

    Has the dividend been paid?
    If yes, then Credit Cash for the amount
    If no, then Credit Dividends Payable for the amount
    The Debit will be to be Retained Earnings
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!

How do you calculate dividend payments from retained earnings? [ 3 Answers ]

How do you calculate a dividend payment with the use of the retained earnings data? Thanks!

Retained earnings and dividend yield [ 1 Answers ]

How do I calculate for retained earnings, dividends per share and dividend yield?

View more questions Search