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System Understanding Aid: REceived a check n.4014 from Cental Brokerage for $850 of dividend income. THe dividends were earned on various common stocks in the

System Understanding Aid:

REceived a check n.4014 from Cental Brokerage for $850 of dividend income. THe dividends were earned on various common stocks in the marketable securities general legder account.

What should be first step on recording this transaction? Whats the journal entry? Which journal? Cash receipts journal only? General journal? Can I record now on General Journal? flowchart would help. Thanks

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