7. On May 15, Canadian Falcon declares a quarterly cash dividend of 0.11 per share payable on June 10 to all stockholders of record on May 31 Record Canadian Falcon's declaration and payment of cash dividends for its 300,000 shares of common stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Journal entry worksheet Record the declaration of Cash dividend of $0.11 per share payable to all stockholders recorded on May 31 Note: Enter debits before credits. General Journal Date Debit Credit May 15 Record entry Clear entry View general journal