TB EX Qu. 10-169 (Algo) On May 15, Canadian Falcon declares a quarterly cash dividend... On May 15, Canadian Falcon declares a quarterly cash dividend of $0.16 per share payable on June 10 to all stockholders of record on May 31. Record Canadian Falcon's declaration and payment of cash dividends for its 200,000 shares of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the deciaration of cash dividends of $0.16 per share to stockholders of record on May 31. Note: Enter debits before credis 1 Record the declaration of cash dividends of $0.16 per share to stockholders of record on May 31. 2 Record the entry for the dividends on the date of record