Sure, here is how you would prepare a journal entry to record the payment of dividends:
Date: June 30
Account Titles and Explanation | Debit | Credit
--- | --- | ---
Dividends | 11,000 |
Cash | | 11,000
Explanation: To record the payment of dividends to shareholders.
This journal entry shows that the Dividends account is debited for [tex]$11,000, which reduces retained earnings, and the Cash account is credited for $[/tex]11,000, reflecting the outflow of cash.