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October 6, 2019
Question

I need to record a dividend, all the solutions online suggest creating a dividend require me to set up a retained earnings account (a second one) yet you can't! Help?

  • October 6, 2019
  • 1 reply
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1 reply

October 29, 2019
The DivPaid account is an "Equity" type account. It is considered to part of RE, but is shown separate just for clarity of tracking Dividends paid.