Part $1$ of $2$

Points: $0$ of $1$

$8.$ On July $1,$ Hewes Corporation declared a $$1\mathrm{.}00$ per share cash dividend on its common stock $(18,000$ shares$)$ for stockholders on record as of July $15.$ Hewes paid the dividend on July $31.$ Journalize the entries declaring the cash dividend and paying the dividend. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Journalize the entry declaring the cash dividend.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jul$.1],[,,,],[,,,],[,,,],[,,,]]$