ACCT 301 Fall 2020 Assignment #2 Due on Sept 29, 2020 @ 11:59PM #5. (Declaration and Payment of Dividend) - On February 1, Kristy Corporation declared a cash declared a cash dividend of $2 a share on 70,000 shares payable March 15 to all stockholders. The record date for the dividend is February 24. Instructions: (a) Prepare the journal entry to record the declaration of dividends on February 1. Date Debit Credit Account (b) Prepare the journal entry for the record date on February 24. Date Account Debit Credit (c) Prepare the journal entry to record the payment of dividend on March 15. Date Account Debit Credit