1. Jack was delighted with the fact that the company made a small accounting net profit in respect of the 2022 financial year. So much so, that on 14 July 2022, Jack and Emily called a directors meeting and at that meeting unanimously resolved to declare and pay a fully franked cash dividend totalling $8,000. These dividends comprised:

Shareholder	Franked Dividend	Franking Credits **
Jack Macarthur (50% shareholder)	$4,000	$1,333.33
Natalie Macarthur (50% shareholder)	$4,000	$1,333.33

1. 
   
2. ** Franking credits calculated based on a 25% corporate tax rate for SBE (base rate) taxpayers.
3. 
   
4. The bookkeeper, Gloria, has not recorded any journal entries in MYOB relating to this $8,000 dividend payment in respect of the 2022 financial year.
5. 
   
6. REQUIRED: 
7. How would this journal entry be conducted on MYOB?