4 6 Cash and Share Dividends Accounting Business and Society

Just like owner withdrawals are closed to owner’s equity in a sole proprietorship at the end of the accounting period, Cash Dividends is closed to Retained Earnings. Although, the duration between dividend declared and paid is usually not long, it is still important to make the two separate journal entries. The balance in this account […]

Accounting Equations Overview, Formulas & Examples Lesson

Before taking this lesson, be sure to be familiar with the accounting elements. Stockholders can transfer their ownership of shares to any other investor at any time. The CFS shows money going into (cash inflow) and out of (cash outflow) a business; it is furthermore separated into operating, investing, and financing activities. Metro Corporation earned […]