Whispering Inc. declared a cash dividend of $$2\mathrm{.}05$ per share on its $2$ million outstanding shares. The dividend was declared on August $1,$ payable on September $9$ to all stockholders of record on August $15.$

Prepare all journal entries necessary on those three dates. $($Enter answers in dollars. 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.$)$

Date

Account Titles and Explanation

Debit

Credit