On August1, Wismer Corporation declared a $2.00 per share cash dividend on its common stock (22,000shares) for stockholders on record as of August15. Wismer paid the dividend on August31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debitsfirst, then credits. Explanations will appear on the last line of the journal entrytable.)

Journalize the entry declaring the cash dividend.

Date	Accounts and Explanation	Debit	Credit
Aug. 1
			Declared a cash dividend.

Journalize the entry paying the dividend.

Date	Accounts and Explanation	Debit	Credit
Aug. 31
			Payment of cash dividend.