Q.1 from the following information Prepare journal entries to record the issue of shares, declaration and payment of dividend

on June 1, 2014. Jaguar & Co issued 50,000 shares of $10 each.

The corporation has 500,000 shares outstanding. on January 1, 2015.

on Jan 1, 2015 The company declared $1 per share cash dividend to stockholders .

January 10 is the date of record.

On January 20, is the date of payment of dividend?