What would the entries for the declaration

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Question - The stockholders' equity section of Johnson Corporation at December 31, 2020, included the following:

Common stock, $10 par value, 250,000 shares authorized, 150,000 shares issued and 100,000 shares outstanding $1,500,000

On March 1, 2021, the board of directors declared a $1.20 per share dividend, payable March 31, 2021, to stockholders of record on March 15, 2021.

What would the entries for the declaration, record, and payment dates look like?

Reference no: EM132935022

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