Johnson Corporation decided to pay a dividend of $2.00 per share. The corporation has 2,500,000 shares authorized, 800,000 shares issued, and 765,000 shares outstanding on the date of declaration. Makes the entries necessary for the dividend on the following dates:

June 15, 2010 Date of declaration

July 13, 2010 Ex-dividend date

July 15, 2010 Date of record

August 1, 2010 Date of payment