QUESTION 11 Prepare the required entries for a cash dividend of $50,000. Date of Declaration - January 15; Date of Record - February 15; Date of Payment -- March 15. QUESTION 12 Vincent Corporation has 100,000 shares of $100 par common stock outstanding. On June 30, they declared a 5% stock dividend to be issued on July 30 to stockholders of record as of July 15. The market price of the stock was $130/ share on June 30. Journalize the required entries on June 30, July 15 and July 30