Ivanhoe Corporation has $10\mathrm{.}50$ million shares of common stock issued and outstanding. On June $1,$ the board of directors voted an $83$ cents per share cash dividend to stockholders of record as of June $14,$ payable June $30.$

$($a$)$

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 entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit