[Debit] Dividends
[Credit] Cash / bank
The name for journal entries that reflect cash dividends from retained earnings is closing entries. This also reflects book value and cash flow.
debit equipmentcredit cash
Debit cash / bankCredit paid in capital
bank a/c to cash a/c
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
The name for journal entries that reflect cash dividends from retained earnings is closing entries. This also reflects book value and cash flow.
Debit accounts payableCredit cash
[Debit] Tax paid [Credit] Cash / bank
debit equipmentcredit cash
Debit cash / bankCredit paid in capital
Debit interest expenseCredit cash
debit salary expensecredit cash
bank a/c to cash a/c
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.
bank a/c to cash a/c
Debit vacation expensesCredit cash / bank
Db wage expense Cr cash