dividend and paying the dividend. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Journalize the entry declaring the cash dividend.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Mar$.1],[,,,],[30,2,,],[,,,],[,,,]]$

Journalize the entry paying the dividend.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Mar$.31],[,,,],[,,,],[4,,,],[,,,]]$