On March $1,$ a company had $10,000$ shares of common stock authorized and $6,000$ shares of $$1$ par common stock issued and outstanding when it declared a $$\mathrm{.}50($fifty cents$)$ per share dividend to be paid on April $1.$

Required: In the journal below, record the journal entry on the declaration and payment dates.

$\backslash$table$[[$Date$,$Account Name:,Debit,Credit,$],[$March $1,,,,],[,,,,],[,,,,],[$April $1,,,,],[,,,,]]$