On March 1, Mill Corp. had 45,000 shares of common stock issued authorized and 18,000 shares of $3 par common stock issued and outstanding when it declared a $.45 (forty-five cents) per share dividend to be paid on March 31.

n March 1. Mill Corp. had 45,000 shares of common stock authorized and 18,000 shares of $3 par ommon stock issued and outstanding when it deciared a $.45 (forty-five cents) per share dividend to e paid on March 31. Use the drop-down menu to complete each of the following sentences: A. The journal entryon March 1 should have a debit to and a credit to B. The journal entry on March 31 should have a debit to for $ and a credit to