On January 1 Sheffield Corp. had 65,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following transactions occurred: Apr. 1 June 15 July 10 Dec. 1 Dec 15 Issued 18,000 additional shares of common stock for $10 per share. Declared a cash dividend of $1.00 per share to stockholders of record on June 30. Paid the $1.00 cash dividend. Issued 4,100 additional shares of common stock for $15 per share. Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. Required: Prepare the entries, if any, on each of the three dates that involved dividends Date Particulars To record dividend payable To record dividend paid. To record the cash dividend payable Debit Credit