b. Prepare journal entries for all events associated with the dividend. (If no entry is required for a transaction/event, sele journal entry required" in the first account field.) View transaction list ht Journal entry worksheet 2 3 4 onces On May 1, Love Corporation declared a $50,000 cash dividend to be paid on May 31. Credit Note: Enter debits before credits Date General Journal May 01 Dividends Dividends payable Appropriated retained earings Debit 50,000 50,000 Record entry Clear entry View general journal b. Prepare journal entries for all events associated with the dividend. (If no entry is required for a transaction/event, sele journal entry required" in the first account field.) View transaction list Journal entry worksheet