Multiple pictures to show the drop downs

On February 5, 2016, Cinch Rental Corporation's board of directors declared a dividend of S0.16, to be paid on March 18, 2016, to the shareholders of record as of the close of business on March 9, 2016. Jubilee has 6,200,000 shares of S0.01 par-value common stock authorized with 800,000 shares issued and outstanding. Cinch has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry. Journal Entry Accounts Debit Credit 2016 Score: 0 of 2 pts S10-11 (similar to On February 5, 2016, Cinch Rental Corporation's board of directors declared a dividend of $0.16, to be paid on March 18, 2016, to the shareholders of record as of the close of business on March 9, 2016. Jubilee has 9 of 13 (7 complete) Hw Score: 53.85%, 14 of 26 pts Question Help 6,200,000 shares of 0.01 par-value common stock authorized with 800,000 shares issued and outstanding. Cinch has no preferred stock Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry. Journal Entry Accounts Debit Credit 2016 Accounts Payable Accounts Receivable Cash Common Stock Dividends Payable Paid-in Capital in Excess of Par-Common Preferred Stock Retained Earnings