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on Corporation has 60.400 $ 2 noncumulative preferred shares that have been issued. It declares a quarterly cash dividend on November 15 to shareholders of

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on Corporation has 60.400 $ 2 noncumulative preferred shares that have been issued. It declares a quarterly cash dividend on November 15 to shareholders of record on December 10. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the cash dividend.(Credit account titles are outomatically indented when the amount is entered. Do not indent manually If no entry is required, select"No Entry" for the ocount tles omounts) Date Account Titles and Explanation Debit Credit Dec. 10

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