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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...

Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $57,000 on a corporation's common stock are February 1, March 18, and May 1 Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Cash Mar. 18 May. 1 Feedback

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Journal entries
Date Accounts title and explanations Debit $ Credit $
01-Feb Dividend account 57,000
     Dividend payable 57,000
(for dividend declared)
18-Mar No entry for record date
01-May Dividend payable 57,000
     Cash account 57,000
(for payment made of dividend)
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