Record the Journal Entry on October 1, 15, and 20.

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 $2.59 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). \begin{tabular}{|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline October 01 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry Vlew general joumal