Cyprus Corporation issued 12,000 shares of common stock. At the beginning of the year, Cyprus held 5,000

Question:

Cyprus issued 12,000 shares of common stock. At the beginning of the year, Cyprus held 5,000 shares of treasury stock, but it reissued 1,000 of those shares in October. On December 1, 2019, Cyprus's board of directors declares a cash of $0.95 per share payable on December 20, 2019, to stockholders of record on December 15, 2019.
Required:
Prepare the appropriate journal entries for the date of declaration, date of record, and date of payment?
Corporation
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A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...