Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $87,200 on a corporation's common stock are January 12, March 13, and April 12. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Jan. 12 Common Stock X 1,080,000 X Cash Dividends Payable 720,000 X Mar. 13 Apr. 12 Feedback Check My Work When the dividend is declared is it also paid? Who receives the dividend? What will the company be paying to the stockholders?