Qn March 1, 2020 , ExCo's board of directors declared a cash dividend of $070 per common share to sharehoiders of record on Match 10. payable-March 31: There were 130,000 shares issued and outstanding on March 1 and no additional shares hod been issued dting the month. Record the entries for March 1, 10, and 31. The cash dividends account is used, (if no entry is required for a transaction/ovent, select "No Journal entry required" in the first account field.) Journal entry worksheet Record the declaration of cash dividend on common shares of 50.70 per share. Journal entry worksheet Record the declaration of cash dividend on common shares of $0.70 per share