130 Corporation Comp Prob Dividends u

Corporation journal entry for draws will record the journal entry related to dividends. We will enter the journal entry into the general journal, post it to the general ledger, and create the trial balance from the general ledger. The accounting transaction will debit dividends and credit dividends payable. We will have a second journal entry that will debit dividends payable and credit cash.
For more accounting information see accounting website.

 

Leave a Reply

Your email address will not be published. Required fields are marked *