On April $15,2024,$ Novak Ltd$.$ declared a $50$ per share cash dividend, payable on May $31$ to shareholders of record on May $1.$ On the date of declaration, Novak Ltd$.$ had $306,000$ common shares outstanding. On May $15,2024,$ the company issued an additional $71,400$ common shares for $$8$ each. On May $31,$ the dividend was paid. On December $15,2024,$ Novak Ltd$.$ declared a $50$ per share cash dividend, payable on January $15,2025$ to shareholders of record on January $2,2025.$

Prepare all the required journal entries to record these transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

$2024$

$2025$