The Laramie Corporation has 118,800 $1.5 noncumulative preferred shares that have been issued. It declares a quarterly cash dividend on May 15 to shareholders of record on June 10. The dividend is paid on June 30. Prepare the entries on the appropriate dates to record the cash dividend. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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.)

Date	Account Titles and Explanation	Debit	Credit
May 15	enter an account title for the journal entry on may 15	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on may 15	enter a debit amount	enter a credit amount
June 10	enter an account title for the journal entry on june 10	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on june 10	enter a debit amount	enter a credit amount
June 30	enter an account title for the journal entry on june 30	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on june 30	enter a debit amount	enter a credit amount