#5 Kazue Corporation has 30,000 shares of $100 stated value no-par common stock authorized, and 20,000 shares were outstanding during 2001. The following transactions relate to cash dividends of Kazue Corporation for the year ended December 31, 2001. Prepare journal entries without explanations to record the following transactions:

June 1 Declared a semiannual cash dividend of $.70 per common share

June 15 Compiled the list of individual stock holders eligible for the dividend declared on June 1

July 5 Paid the dividend declared on June 1

Dec 1 Declared a semiannual cash dividend of $.70 per common share to be paid on January 5, 2002

Dec 15 Compiled the list of individual stock holders eligible for the dividend declared on December 1

Dec 31 Closed the Cash Dividends Declared account at year end.