Entries for Cash Dividends

The declaration, record, and payment dates in connection with a cash dividend of $68,000 on a corporation's common stock are February 1, March 18, and May 1.

Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 60,000 shares of common stock authorized, and 4,000 shares have been reacquired.

Common Stock, $60 par	$2,520,000
Paid-In Capital from Sale of Treasury Stock	126,000
Paid-In Capital in Excess of ParCommon Stock	462,000
Retained Earnings	1,285,000
Treasury Stock	78,000

Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $68,000 on a corporation's common stock are February 1, March 18, and May 1 Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank Feb. 1 Mar. 18 May. 1