What are the journal entries for dividends declared and for newbond - ProProfs Discuss
Advertisement

What are the journal entries for dividends declared and for newbond issues?

Asked by Bradshaw, Last updated: Sep 23, 2021

+ Answer
Request
Question menu
Vote up Vote down

1 Answer

John Smith

John Smith

John Smith
John Smith

Answered Sep 08, 2016

The retained earnings item is debited (reduced) and dividends payable is credited (increased) on the liabilities and owners equity side of the balance sheet. When bonds are issued, long-term bond debt is credited (increased) on the liabilities and owners equity side, and cash is debited (increased) on the asset side of the balance sheet.

upvote downvote
Reply 

Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader

Email Sent
We have sent an email to your address "" with instructions to reset your password.