One April 5, the board of directors for Chester Inc. authorized a $2, 40-per-share dividend for common stockholders to be paid on April 28. The date of record was set for April 15. An analysis of Chester's common stock yields the following information regarding the number of common shares of stock it has: Complete the journal entries Chester Inc. needs to record to account for its dividends. Use Smart Entry when selection lists are not available. On April 20, Eric Baker, a private investor, bought 700 shares of Chester Inc.'s common stock. On April 28, will Eric receive the declared $2.40-per-share dividend for each of his shares? Yes No