Recording dividend reinvestment

[Todd Wells]

I have mutual funds that pay dividends.  I'm a GnuCash newbie, and I  
read the relevant section in the user guide, but I'm not sure that  
I've recorded my dividend correctly.

In this case it was a dividend of $14.08, reinvested in .439 shares,  
priced at $32.07.

The guide said to record it in the mutual fund account as income from  
an Income:Dividend account.

So in the register for the fund, I record a Transfer from  
Income:Dividend:Non-taxable, .439 shares, 32.07 price.  The  
transaction shows it increasing my share balance by .439.  So far, so  
good, I think.

The strange-looking part to me is if I jump to the  
Income:Dividend:Non-taxable account, it shows Income of 14.08, for a  
balance of -14.08.  Is this correct? The negative balance is what has  
me thrown off -- I'm not an accountant, so I don't know if this is  
what I should expect?  A negative income balance seems odd to me.  I  
just want to make sure I'm getting off on the right foot here.

Thanks,

-Todd