E11-21 (Algo) Recording Dividends L011-3, 11-4 Wilmington, Incorporated brands touch the lives of people around the world. Assume that in the current year the company had 10 billion shares of common stock authorized, 4 billion shares issued, and 3 billion shares outstanding. Par value is $1 per share. Wilmington, Incorporated has been paying a dividend for over 100 years. Required: Assume that Wilmington, Incorporated declared a dividend of \$2.54 per share on October 1 to stockholders of record on October 15. Wilmington, Incorporated paid the dividend on October 20. Prepare journal entries as appropriate for each date. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in billions (i.e., 1,000,000,000 not 1.0). Journal entry worksheet Record the journal entry on October 1. Note: Enter debits before credits. Journal entry worksheet Record the journal entry on October 15. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. E11-21 (Algo) Recording Dividends L011-3, 11-4 Wilmington, Incorporated brands touch the lives of people around the world. Assume that in the current year the company had 10 billion shares of common stock authorized, 4 billion shares issued, and 3 billion shares outstanding. Par value is $1 per share. Wilmington, Incorporated has been paying a dividend for over 100 years. Required: Assume that Wilmington, Incorporated declared a dividend of \$2.54 per share on October 1 to stockholders of record on October 15. Wilmington, Incorporated paid the dividend on October 20. Prepare journal entries as appropriate for each date. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in billions (i.e., 1,000,000,000 not 1.0). Journal entry worksheet Record the journal entry on October 1. Note: Enter debits before credits. Journal entry worksheet Record the journal entry on October 15. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits