E11-21 (Algo) Recording Dividends LO11-3, 11-4 Wilmington, Inc. 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, Inc. has been paying a dividend for over 100 years. Required: Assume that Wilmington, Inc. declared a dividend of $2,50 per share on October 1 to stockholders of record on October 15, Wilmington, Inc. paid the dividend on October 20. Prepare journal entries as appropriate for each date (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).) es View transaction list Journal entry worksheet View action in Journal entry worksheet 1 2 3 Hecord the soural entry on October 15 Cew Pll 188 20 $ 4 % 5 ? V 00 N A. M T AP 00 I command option View transaction list Journal entry worksheet