On March 1, the board of directors declared a cash dividend of $0.70 per common share to shareholders of record on March 10, payable March 31. There were 127,000 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.) View transaction list Journal entry worksheet 2 3 Record the declaration of cash dividend on common shares of $0.70 per share. Note: Enter debits before credits General Journal Debit Credit Date March 01 Drou of 16 Next > Record the declaration of cash dividend of $0.70 per share to share holders on record.