Show Me How SNOW2 | Online teaching and learning resource from Cengage L Entries for cash dividends The declaration, record, and payment dates in connection with a cash dividend of $60,600 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Date Debit Credit Account July 9 Cash Dividends Cash Dividends Payable Aug. 31 No Entry Required Oct. 1 No Entry Required Cash Dividends Payable Cash Feedback Check My Work When the dividend is declared is it also paid? Who receives the dividend? What will the company be paying to the stockholders?