Problem (4) Cash Dividends - Entries XYZ Company declares a $50,000 cash dividend on March 10, payable on April 6 to shareholders of record on March 25. Record the journal entries: Declaration Date (March 10) Record Date (March 25) Problem (5) Share Dividends Payment Date (April 6) Entries ABC Corporation, which has 50,000 ordinary $10 par value shares outstanding, declares a 10% share dividend on December 3 to be distributed on December 15. The following entry would be made when the share dividend is declared: