7.04 Assignment - Accounting for Publicly Held Corporations.docx - Santiago 1 Shianne Santiago Keystone Accounting Teachers Accounting Accounting for

7.04 Assignment - Accounting for Publicly Held Corporations.docx

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Santiago 1 Shianne Santiago Keystone Accounting Teachers Accounting May 27, 2020 Accounting for Publicly Held Corporations Part 1:On December 10, the Board of Directors of Win Corporation declares the following quarterly cash dividends. The date of record is December 10 and date of payment is January 2.Dividend Per ShareTotal DividendPreferred stock, $10 par 10,000$1.00$10,000Common stock, $5 par 100,000$0.20$20,000$30,000Instruction: Post the necessary journal entry.
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