Delta Motors Corporation has 100,000,000 authorized shares of $1 par value common stock. As of June 30, 20x8, there were 1,000,000 shares issued and outstanding. On June 30, 20x8, the board of directors declared a $.20 per share cash dividend to be paid on August 1, 20x8, to shareholders of record on July 15, 20x8.

Prepare entries in journal form to be recorded on

(a) the date of declaration

(b) the date of record

(c) the date of payment.