On February $5,2021,$ Efficient Rental Corporation's board of directors declared a dividend of $$0\mathrm{.}10,$ to be paid on March $18,2021,$ to the shareholders of record as of the close of business on March $9,2021.$ Efficient has $2,500,000$ shares of $$0\mathrm{.}01$ par$-$value common stock authorized with $1,000,000$ 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 journal entry. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entry.

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[2021,,,],[,,,],[,,,]]$

Record the journal entry for the payment of the dividend. Be sure to select the proper date for the entry.

Journal Entry

Date Accounts $,$ Debit $,$ Credit

On February $5,2021,$ Efficient Rental Corporation's board of directors declared a dividend of $$0\mathrm{.}10,$ to be paid on March $18,2021,$ to the shareholders of record as of the close of business on March $9,2021.$ Efficient has $2,500,000$ shares of $$0\mathrm{.}01$ par$-$value common stock authorized with $1,000,000$ 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 journal entry. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

$2021$

Feb

$5$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

Record the journal entry for the payment of the dividend. Be sure to select the proper date for the entry.

Journal Entry