Prepare the journal entry to record Evans ’ transaction , under the following conditions . ( Round answers to 0 decimal places , e . g . $ 38,487 . Credit account titles are automatically indented when amount is entered . Do not indent manually . If no entry is required , select " No Entry " for the account titles and enter 0 for the amounts .)
( 1 ) Employing the incremental method .
( 2 ) Employing the proportional method , assuming the recent price quote on the common stock reflects fair value .
4 ) Lotoya Davis Corporation has 11.01 million shares of common stock issued and outstanding . On June 1 , the board of directors voted an 64 cents per share cash dividend to stockholders of record as of June 14 , payable June 30 .
( a ) Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings . ( Credit account titles are automatically indented when amount is