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Can someone please help me with this journal entry: The company declared and distributed cash dividend totaling $6,000 to its shareholders. I think the journal entry is this, am I right? Dividends declared 6,000 Cash 6,000 Or is it
Hello, I am having trouble with the following transaction: "received $2000 dividend from investment" How do I make an entry for this?:confused: Thanks :)
The Board of Directors declared a $2.25 per share dividend on the 3,000 shares of $75 par value common stock outstanding. The dividends will be payable on January 31 2006 to all stockholders of record as of January 25. This entry made as of Dec. 30 DR. Dividends Declared $6,750 CR....
HI, Journal Entry For Dividend Received Thanks & Regards, chandra mohan.
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