Woolford Inc. declared a cash dividend of $$1\mathrm{.}00$ 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. $($List all debit entries before credit entries. Enter answers in dollars. 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. Record entries in the order displayed in the problem statement.$)$

Date

Account Titles and Explanation

Debit

Credit