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Cash Dividends and Income Taxes

During the year ended December 31, 20-2, Bebeto Company completed the following selected transactions:

Apr. 15	Estimated that its 20-2 income tax will be $28,320. Based on this estimate, it will make four quarterly payments of $7,080 each on April 15, June 15, September 15, and December 15. Made the first payment.
25	Declared a semiannual dividend of $0.40 per share on common stock to shareholders of record on May 10, payable May 20. Currently, 80,900 shares of $1 par common stock are outstanding.
May 20	Paid the cash dividends.
June 15	Made estimated tax payment of $7,080.
Sept. 15	Made estimated tax payment of $7,080.
Oct. 25	Declared semiannual dividend of $0.40 per share on common stock to shareholders of record on November 10, payable on November 20.
Nov. 20	Paid the cash dividends.
Dec. 15	Made estimated tax payment of $7,080.
31	Bebeto's actual 20-2 income tax is $32,700. This amount will be paid by March 15, 20-3. Made adjustment for the additional amount owed.
31	Net income for 20-2 was $115,500. Closed the income summary account.
31	Closed the cash dividends account.

Required:

Prepare journal entries for the transactions.