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On March 1, 2018, Fresh Corp. declared a dividend of $3,000. The record date is March 20, 2018, and the payment date is April 1, 2018. The journal entry required on April 1, 2018, will include which of the following entries

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If the record date is March 20, 2018, and the payment date is April 1, 2018. The journal entry required on April 1, 2018, will the following entries: Debit dividends payable $3000; Credit cash $3000.

Journal entries

If the company declared dividend of the amount of $3000, in which the record date is March 20, 2018, while the payment date is April 1, 2018. The appropriate journal entry required on April 1, 2018 is:

Fresh Corp. Journal entry

April 1, 2018

Debit dividends payable $3000

Credit cash $3000

(To record dividend declaration)

Therefore the journal entry required on April 1, 2018, will the following entries: Debit dividends payable $3000; Credit cash $3000,

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