On November $27,$ the board of directors of Splish Brothers Company declared a $$0\mathrm{.}50$ per share dividend. The dividend is payable to

shareholders of record on December $7$ on December $24.$ Splish Brothers has $25,600$ shares of $$1$ par common stock outstanding at

November $27.$

Journalize the entries needed on the declaration and payment dates. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Record journal

entries in the order presented in the problem. List all debit entries before credit entries.$)$

Debit

Credit