The declaration, record, and payment dates in connection with a cash dividend of $580,000 on a corporations common stock are June 15, August 10, and September 15. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS

General Ledger

ASSETS- 110 Cash, 120 Accounts Receivable, 131 Notes Receivable, 132 Interest Receivable, 141 Merchandise Inventory, 145 Office Supplies, 151 Prepaid Insurance, 181 Land, 193 Equipment, 194 Accumulated Depreciation-Equipment

LIABILITIES- 210 Accounts Payable, 221 Notes Payable, 226 Interest Payable, 231 Cash Dividends Payable, 236 Stock Dividends Distributable, 241 Salaries Payable, 261 Mortgage Note Payable

EQUITY- 311 Common Stock, 312 Paid-In Capital in Excess of Par-Common Stock, 315 Treasury Stock, 321 Preferred Stock, 322 Paid-In Capital in Excess of Par-Preferred Stock, 331 Paid-In Capital from Sale of Treasury Stock, 340 Retained Earnings, 351 Cash Dividends, 352 Stock Dividends,390 Income Summary

REVENUE -410 Sales, 610 Interest Revenue