Blanton corporation purchased 15% of the outstanding shares of common stock of worton corporation as a long-term investment. subsequently, worton corporation reported net income and declared and paid cash dividends. what journal entry would blanton corporation use to record the dividends it receives?

The journal entry that Blanton Corporation will use to record the dividend received is:
             
                                               Debit               Credit
Cash                                        xxx
         Investment in Worton Corporation           xxx
*Recording Cash dividends received from Worton Corporation

Aside from Cash, dividends can be given through additional stocks or bonus share and property dividends.