Originally Posted by MTS
Originally Posted by RenaB
Not sure I am understanding the question but if someone is paid a cash dividend, then the JE would be to credit cash and debit the dividends. In return it will show on the balance sheet depreciating the retained earnings of a company because a portion of the profits have been paid out.
Hope I am understanding the question right, good luck.
Once again, DECLARED is not PAID.
I agree, but then it says later on cash paid. It is worded very funky. This is why I let them know that I am not sure I am reading the question correctly.