Teal Corporation has 10.50 million shares of ordinary shares issued and outstanding. On June 1, the board of directors voted an 83 cents per share cash dividend to shareholders of record as of June 14, payable June 30. (a) Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)