Cash Dividend on Common Stock Accounting Cash Journal Entry Examples, Concepts, Illustrations, Sample Help Online
If you are looking for Cash Dividend on Common Stock Accounting Journal Entry Examples, illustrations and calculations to do your assignments, homework or project then you are at the correct place.
What is Cash Dividend?
Cash Dividends are those dividends that are distributed out of accumulated earnings of a corporation to its shareholders in cash.
The date of declaration is the date on which the corporation decides to pay cash dividends to stockholders on a specific future date is agreed by the board of directors. At that date, the firm incurs a liability Dividends Payable and the debit to either Retained Earnings or Cash Dividend Declared.
The date of record is the date at which the stockholders showing in the ledgers are to be paid. No entry is required.
The date of payment is the date at which the firm distributes the dividend checks and eliminates the dividend payable as a liability.
Services We Offer
Services Provided for Accounting
Accounting always put student on worries and stress. But with Assignment Consultancy for your help, you can remove all your worries by going through our various services:-
- Financial Accounting Homework Help
- Accounting Assignment Help Online
- Financial Accounting Assignment Help
- Managerial Accounting Homework Help
- Do my accounting Homework
- Accounting Case Study Assignment Help
- Finance accounting case studies assignment help
- Taxation homework help
- US tax codes homework help
- Advance Accounting homework help
- Cost Management Homework Help
- Australian Taxation Assignment help
- Ratio analysis assignment help
- Accountancy online exam help
- Accounts online exam help
Features for Accounting Assignment Help Services
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.
Best Customer Service
Our customer representatives are working 24X7 to assist you in all your assignment needs. You can drop a mail to firstname.lastname@example.org or chat with our representative using live chat shown in bottom right corner.
Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.
All our works are kept as confidential as we respect the integrity and privacy of our clients.
Most of our clients are from UK, USA, Australia, Canada , UAE, New Zealand, Doha, Qatar, Muscat, Netherlands, France, Italy, Great Britain, Singapore, Malaysia looking for quality and accurate solutions.
Yash Batra, Student , UK University
“Great Experts to provide real time Accounts help services. They are just best in their approach”
Reham Fayad, Student MBA, USA
“They have some of the best USA experts to provide Accounts help online and also help me in my online exams.”
Graham Golith, Lancashire University, UK
“Best place to get all help in Accounts Essay and Exams. Will definitely recommend to all”
Cash Dividend on Common Stock Accounting Journal Entry Examples Explanation
Let’s assume that the company on March 15, 2009, declared a cash dividend of $1 per share on 2,000,000 shares payable June 1, 2009, to all stockholders of record April 15. The following journal entries are required
Date of declaration, March 15, 2009
Debit Retained Earnings [Cash Dividend Declared] = 2,000,000
Credit Dividends Payable = 2,000,000
Date of payment, June 1, 2009
Debit Dividends Payable = 2,000,000
Credit Cash = 2,000,000
If you are looking for similar Cash Dividend on Common Stock Accounting Journal Entry Examples type assignment. Click here . You can visit us for more examples here.