On February $5,2021,$ Efficient Rental Corporation's board of directors declared a dividend of $$0\mathrm{.}12,$ to be paid on March $18,2021,$ to the shareholders of record as of the close of business on March $9,2021.$ Efficient has $5,500,000$ shares of $$0\mathrm{.}01$ par$-$value common stock authorized with $1,700,000$ shares issued and outstanding. The company has no preferred stock.

Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each joumal entry. $($Record debits first, then credits. Exclude explanations from any joumal entries.$)$