PA11-2 Recording Cash Dividends [LO 11-3] National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information March 5-National Chocolate Corp. today announced that its Board of Directors has declared a special "one-time" cash dividend of $1.10 per share on its 91,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30 Required 1. Prepare any journal entries that National Chocolate Corp. should make on the four dates mentioned in press release. (If no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record the declaration of a cash dividend of $1.10 per share payable on the 91,000 shares of common stock outstanding Note: Enter debits before credits Date General Journal Debit Credit March 05 Record entry Clear entry View general journal