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Exercise 15-12 Coronado Corporation has 11.20 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 75 cents per share cash dividend to stockholders of record as of June 14, payable June 30 Your answer is partially correct. Try again Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 6/1 Retained Earnings 8400000 Dividends Payable 8400000 6/14No Entry No Entry 6/30 Dividends Payable 8400000 Cash 8400000 Your answer is partially correct. Try again. How would the entries differ if the dividend were a liquidating dividend? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 6/1 Paid-in Capital in Excess of Par- Common Stock 8400000 Dividends Payable 8400000 6/14 No Entry No Entry 6/30No Entry No Entry Show Work is REQUIRED for this question: Open Show Work