Interest payable is debit.
credit
credit
[Debit] Purchases [Credit] Accounts payable
debit
Interest payable is debit.
credit
debit
credit
[Debit] Purchases [Credit] Accounts payable
debit
[Debit] Purchases account [Credit] Accounts Payable
account payable account debit to bank account
[Debit] Proposed dividend [Credit] Dividend payable [Debit] Dividend payable [Credit] Cash / bank
Debit Accounts Payable and Credit either the account where the original debit was made or Credit Other Income
debit
[Debit] Dividend expense [Credit] Dividend payable 2nd entry at time of payment Debit Dividend payable Credit Cash