Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $195,000 on a corporation's common stock are February 1, March 18, and May 1 Journalize the entrves required on each date. It no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank > Feb 1 Mar. 18 > > IN IN 10 DI IN May 1 Entries for Stock Dividends Red Market Corporation has 370,000 shares of $27 par common stock outstanding. On June 8, Red Market Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $51 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. If no entry is required, select "No Entry Required and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. June 8 July 13 Aug. 12