On November 27, the board of directors of Marin Company declared a $0.40 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24 . Marin has 26,500 shares of $1 par common stock outstanding at November 27. Journalize the entries needed on the declaration and payment dates. (Credit account titles are outomatically 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.)