Exercise 15-12 (Part Level Submission) Pharoah Corporation has 11.70 million shares of common stock istud and outstanding on June 1, the board of Grectors of 7 cans per hech video to olders of June 14, payable June 30 (0) Your answer is correct Prepare the Journal entries for each of the dates above assuming the dividend represents a distribution of earnings (Credit account titles are automatically indented when amount is enteret Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit w Retained Earnings $10,179,000 Dividends Payable 310,175.000 6/14 No Entry NO Entry 6/30 Dividends Payable $10.179,000 $10,179.000 Click If you would like to show Work for this questions Open Show Work (b) How would the entries differ if the dividend were a liquidating dividend? (Credit account titles are automatically indented when amount is entered the monde required, select "No Entry for the account titles and enter for the amounts) Date Account Tities and Explanation Debit Credit 6/1 6/14 6/30 Click if you would like to Show Work for this question: Open Show.Work