Write a journal entry for the following: June 30: Paid a cash dividend of $0.16 per share to the three shareholders of Byte, using Check # 6012 - 6014. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]

First three transactions:

1. June 1: Jason, an investor, made an investment in Byte by purchasing 3,400 shares of its common stock paying $71,400.00 in cash.

2. June 1: Kristen, an investor, made an investment in Byte by purchasing 2,600 shares of its common stock paying $23,310.00 in cash, and contributing to Byte computer equipment with a fair market value of $31,290.

3. June 1: Josh, an investor, made an investment in Byte by purchasing 2,800 shares of its common stock paying $45,150.00 in cash, and contributing to Byte computer equipment with a fair market value of $12,600 and office equipment with a fair value of $1,050.