Divine Apparel has 2,900 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31....

Divine Apparel has 2,900 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31.

a. Record the entry on date of record.

b. Record the payment of cash dividends.