Bain Co has authorized $200,000$ shares of $$1$ par value common stock, of which $160,000$ are issued and $140,000$ are outstanding.

On May $15,$ the board of directors declared a cash dividend of $$0\mathrm{.}20$ per share, payable on June $15$ to stockholders of record on June $1.$

Prepare the entries in General Journal accounts, as necessary, for each of the three dates.