The declaration, record, and payment dates in connection with a cash dividend of $580,000 on a corporationscommon stockare 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

110Cash

120Accounts Receivable

131Notes Receivable

132Interest Receivable

141Merchandise Inventory

145Office Supplies

151Prepaid Insurance

181Land

193Equipment

194Accumulated Depreciation-Equipment

LIABILITIES

210Accounts Payable

221Notes Payable

226Interest Payable

231Cash Dividends Payable

236Stock Dividends Distributable

241Salaries Payable

261Mortgage Note Payable

EQUITY

311Common Stock

312Paid-In Capital in Excess of Par-Common Stock

315Treasury Stock

321Preferred Stock

322Paid-In Capital in Excess of Par-Preferred Stock

331Paid-In Capital from Sale of Treasury Stock

340Retained Earnings

351Cash Dividends

352Stock Dividends

390Income Summary

REVENUE

410Sales

610Interest Revenue

EXPENSES

510Cost of Merchandise Sold

515Credit Card Expense

520Salaries Expense

531Advertising Expense

532Delivery Expense

533Selling Expenses

534Rent Expense

535Insurance Expense

536Office Supplies Expense

537Organizational Expenses

562Depreciation Expense-Equipment

590Miscellaneous Expense

710Interest Expense