On august 1, hewes corporation declared a $0.50 per share cash dividend on its common stock (18,000 shares) for stock holders on record as of august 15. Hewes paid the dividend on august 31st. Journalize the entries declarinf the cash dividend and paying the dividend

Joumalize the entry declaring the cash dividend Date Accounts and Explanation Debit Credit Aug 1 Journalize the entry paying the dividend Date Accounts and Explanation Debit Credit Aug. 31