Question 20 On November 27, the board of directors of Armstrong company declared a $.50 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Armstrong has 25,500 shares of $1 par common stock outstanding at November 27. Journalize the entries needed on the declaration and payment dates. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts.) Date Account Titles and Explanation Credit Debit Nov. 27 Dec. 24 SHOW LIST OF ACCOUNTS ... will learn while vou earn points based on the Point Potential Policy set by your instructor