Sefcik Company's balance sheet showed the following on December 31, 2024: Common stock, $ 10 par Paid-in capital-excess of par Retained earnings $ 118,000 59,000 23,600 A cash dividend is declared on December 31, 2024, and is payable on January 20, 2025, to shareholders of record on January 10, 2025. Required: 1. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. 2. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $5.00 per share. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Sefcik Company's balance sheet showed the following on December 31, 2024: A cash dividend is declared on December 31,2024 , and is payable on January 20,2025 , to shareholders of record on January 10. 2025. Required: 1. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. 2. Prepare all appropriate joumal entries, assuming a cash dividend in the amount of $5.00 per share. Complete this question by entering your answers in the tabs below. Prepare all appropriate journal entries, assuming a cash dividend in the amount of $1.00 per share. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field