Journal entries to record cash dividends are made on the:

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Journal entries to record cash dividends are made on the declaration date and payment date. The declaration date is when the board of directors announces the dividend and sets a date of record, which is the date by which shareholders must have owned the stock to be eligible for the dividend. The payment date is when the dividend is actually paid out to shareholders. The record date is only used to determine which shareholders are eligible for the dividend and does not require a journal entry to be made.

Journal Entries to Record Cash Dividends Are Made on The