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 11,000 shares but 1,700 shares are held as treasury shares. The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend? If an amount box does not require an entry, leave it blank. Cash Dividends Payable Dec. 14 88 Cash Feedback