Clearborn Manufacturing Co$.$ completed the following transactions during $2024$ :

$($Click the icon to view the transactions.$)$

Read the requirements.

Requirement $1.$ Record the transactions in Clearborn's general journal. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select $"$No

entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.$)$

Jan. $16$: Declared a cash dividend on the $5\%,$$$95$ par noncumulative preferred stock $(1,000$ shares outstanding$).$ Declared a $$0\mathrm{.}20$ per share dividend on the $105,000$ shares of $$2$ par value common stock

outstanding. The date of record is January $31,$ and the payment date is February $15.$