Massawippi Co. has 10 million authorized common shares. The company has issued 4.4 million but, due to some share repurchases and cancellations, only 4.2 million were outstanding at the beginning of 2024. Massawippi pays dividends of $0.25 per quarter on March 31, June 30, September 30, and December 31 each year. The dividends are declared at the monthly board meeting in the same month that they are paid. The board meets on the 1st of each month. The date of record is the 15th of the month and the shares trade ex-dividend on the 13th.

Required
Prepare all journal entries, including dates, related to the dividends for Massawippi for 2024.