On February 5, 2018, Cinch Rental Corporation's board of directors declared a dividend of $0.35, to be paid on March 18, 2018, to the shareholders of record as of the close of business on March 9, 2018. Cinch has 6,200,000 shares of $0.01 par-value common stock authorized with 900,000 shares issued and outstanding. The company has no preferred stock Record the declaration of the explanations from any journal entries) dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry. Journal Entry Date Debit Credit 2018 Choose from any list or enter any number in the input fields and then continue to the next question On February 5, 2018, Cinch Rental Corporason's board of directors declared a dividend of $0.35, to be paid on March 18, 2018, to the shareholders of record as of the close of business on March 9, 2018. Cinch has 6,200,000 shares of $0.01 par-value common stock authorized with 900,000 shares issued and outstanding. The company has no preferred stock. Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Record the journal entry for the payment of the dividend. Be sure to select the proper date for the entry Journal Entry Debit Credit Accounts Date 2018 Choose from any list or enter any number in the input fields and then continue to the next