Common Stock, No Par Value, 20000 Shares Authorized Record the journal entry required when 10,000 shares are issued for $12 per share. $ Debit $ Credit Preferred stock, $12 Par Value, 10% cumulative, 10,000 Shares Authorized Record the journal entry required when 10,000 shares are issued for $20 per share. $ Debit $ Credit What is the annual dividend required to be paid in #5 above? $ Amount