Vaughn Corporation has $83,000$ shares of common stock outstanding. It declares a $$1$ per share cash dividend on November $1$ to stockholders of record on December $1.$ The dividend is paid on December $31.$

Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. $($Record journal entries in the order presented in the problem. 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.$)$

$$ Account Titles and Explanation

Debit

Credit