if received
debit cash / bank
credit dividend income
if pay
debit dividend
credit cash / dividend payable etc
[Debit] Dividend [Credit] Cash
Debit dividend payableCredit cash /bank
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
[Debit] Proposed dividend [Credit] Dividend payable [Debit] Dividend payable [Credit] Cash / bank
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
[Debit] Dividend [Credit] Cash
If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.
Debit dividend payableCredit cash /bank
Yes following entry required: [Debit] Proposed dividend [Credit] dividend payable
No journal entry for stock option until that stock option is not utilized by the employees or any person with stock option available to them.
[Debit] Proposed dividend [Credit] Dividend payable [Debit] Dividend payable [Credit] Cash / bank
Dividend receivable Debit Cash dividend Credit Cash Debit Dividend receivable Credit
debit stock dividendcredit dividend income
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash
The journal entries for different time periods are recorded as the following: 1 - When the dividend is declared: [Debit] Retained Earnings XXXX [Credit]Dividend Payable XXXX 2 - When the dividend is paid: [Debit] Dividend Payable XXXX [Credit] Cash/bank XXXX
Debit shares in companyCredit cash /bank
[Debit] Proposed dividend [Credit] Dividend payable