Exercise 12-9 The declaration, record, and payment dates in connection with a cash dividend of $1,250,000 on a corporation's common stock are: July 9, August 31 and October 1. Journalize the entries required on each date. A. What is the significance of the dates? B. Journalize the entries required on each date 14th Edition Page 571 Page 571 Page 571 Date of Declaration Date of Stockholders of record Date of Payment Debit Credit Date Description