King Tut Corporation has issued 25,000 shares of common stock, all of the same class; 18,000 shares are outstanding. On 12/1/2011, King Tut's board of directors declares a cash dividend of $0.75 per share payable on 12/15/2011, to the stockholders of record on 12/10/2011.

Prepare the appropriate journal entries for the date of declaration, date of record, and the date of payment: