Chapter 11 - Dividend Transactions On 12/1/18 Smith, Inc. declared a $0.50/share cash dividend on common stock. The dividend is payable on 1/20/19 to stockholders of record on 12/20/18. On 12/1/18, the company has 300,000 shares of common stock authorized 102,000 shares of common stock issued 100,000 shares of common stock outstanding. Prepare all required journal entries. Home Ere F12 X F11 34 FO F9 F10 FT FB % & C