Bridgeport Corp. has $7,400$ shares of common stock outstanding. It declares a $$5$ per share cash dividend on November $1$ to stockholders of record on December $1.$ The dividend is paid on December $31.$

Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Accounts

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