Define the Following Dividend Dates for a Cash Dividend

Essay

Define the following dividend dates for a cash dividend.For each date,state whether a journal entry should be recorded.In addition,if a journal entry should be record,state the effect on assets,liabilities or equity.
$$\begin{array} { | l | l | l | l | } \hline \text { Term } & \text { Definition } & \begin{array} { l } \text { Should an entry be } \\\text { recorded? }\end{array} & \begin{array} { l } \text { If so, what is the effect } \\\text { on the accounting } \\\text { equation? }\end{array} \\\hline \text { Declaration date } & & & \\\hline \text { Date of record } & & & \\\hline \text { Payment date } & & & \\\hline\end{array}$$