Bogscraft Company has outstanding 69,000 shares of $10 par value common stock and 26,800 shares of $20 par value preferred stock (8 percent). On February 1, the board of directors voted in favor of an 8 percent cash dividend on the preferred stock. The cash dividends were paid on March 15. The company closed its books at its fiscal year-end, June 30. Required: Prepare journal entries to record the events on (a) February 1, (b) March 15, and (c) June 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 Record the declaration of a cash dividend of 8 percent to the 26,800 shares of $20 par value preferred stock outstanding. Note: Enter debits before credits. ral Journ Debit Credit Date February 01 Journal entry worksheet Record the payment of the cash dividend to the preferred shareholders. Note: Enter debits before credits. Date General Journal Debit Credit March 15 Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. General Journal Debit Date June 30 Credit