Nutritious Pet Food Company's board of directors declares a cash dividend of $5,000 on June 30. At that time, there are 3,300 shares of $7 par value 4% preferred stock outstanding and 7,300 shares of $1 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend? If an amount box does not require an entry, leave it blank. June 30 Retained Earnings (for preferred stock) Cash Dividends Payable 924 X Common Stock X 4,076 Nutritious Pet Food Company's board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 9,000 shares but 2,000 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank. Nov. 12 Cash Dividends Payable 6,900 X Cash 6,900