Before preparing financial statements for the current year, the chief accountant for Jeckel Ltd discovered the following error in the accounts:

The declaration and payment of a $16,500 cash dividend was recorded as a debit to interest expense $16,500 and a credit to cash $16,500.

Required

Prepare the correcting entry at 31 December.

(Enter debit entries first followed by credit entries.Please include Dr and Cr as appropriate.Narrations are not required).