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    vuongn88's Avatar
    vuongn88 Posts: 1, Reputation: 1
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    #1

    Jan 3, 2010, 05:21 PM
    Accounting for dividend declared
    Journal entry for dividend declared
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jan 4, 2010, 09:33 PM

    Depends on the book:
    Dr will either be to Cash or Stock Dividend, OR directly to Retained Earnings.
    Cr will be to Dividends Payable

    When paid, you'll debit it back out of the payable.
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