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.
The journal entry should be as follows:
dr Bank/Dividends Receivable xxx
cr Dividend Income xxx
Debit Cash dividend xxx
credit cash / bank xxxx
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 [Credit] Cash
Debit dividend payableCredit cash /bank
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
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.
if receiveddebit cash / bankcredit dividend incomeif paydebit dividendcredit cash / dividend payable etc
There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.
[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
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash