On March $1,$ the board of directors declared a cash dividend of $$0\mathrm{.}70$ per common share to shareholders of record on March $10,$ payable March $31.$ There were $121,000$ shares issued and outstanding on March $1$ and no additional shares had been issued during the month. Record the entries for March $1,10,$ and $31.$ The cash dividends account is used. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

Record the declaration of cash dividend on common shares of $$0\mathrm{.}70$ per share.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $01,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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On March $1,$ the board of directors declared a cash dividend of $$0\mathrm{.}70$ per common share to shareholders of record on March $10,$ payable March $31.$ There were $121,000$ shares issued and outstanding on March $1$ and no additional shares had been issued during the month. Record the entries for March $1,10,$ and $31.$ The cash dividends account is used. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$13$

$$

$$

$$ Record the declaration of cash dividend of $$0\mathrm{.}70$ per share to share holders on record.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $10,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

On March $1,$ the board of directors declared a cash dividend of $$0\mathrm{.}70$ per common share to shareholders of record on March $10,$ payable March $31.$ There were $121,000$ shares issued and outstanding on March $1$ and no additional shares had been issued during the month. Record the entries for March $1,10,$ and $31.$ The cash dividends account is used. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$3$

$2$

$$

Record the payment of dividends declared on March $1.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $31,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$