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    princess2006's Avatar
    princess2006 Posts: 1, Reputation: 1
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    #1

    Sep 18, 2012, 08:21 AM
    Declared a quarterly dividend of $0.45 per share on common stock and $1.25 per share
    Please help journalizing : Declared a quarterly dividend of $0.45 per share on common stock and $1.25 per share

    Thanks!
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 18, 2012, 03:56 PM
    Credit dividend payable Debit dividends

    Debit divident payable Credit cash

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