SC Johnson Co.'s balance sheet has the information below at December 31, 2021:

Common stock, $10 par $ 119,000

Paid-in capitalexcess of par 59,500

Retained earnings 23,800

A cash dividend is declared on December 31, 2021, and is payable on January 20, 2022, to shareholders of record on January 10, 2022.

Required: 1. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share.

1. Record cash dividend declared on December 31, 2021.

2. Record the entry on date of record. 01/10/2022

3. Record payment of cash dividend.01/10/2022