Recored the journal entries for the following

6 Declared dividends payable on Dec. 20 to stockholders of record of Dec. 13 as follows: a. Quarterly cash dividends for $1.00 per share on common stock outstanding. b. Quarterly cash dividends of $3.00 per share on preferred stock outstanding.

Note that in General Ledger the informaiton as follolws for these accounts PREFERRED STOCK, $100 PAR BALANCE 80,000.00 COMMON STOCK, $10 PAR BALANCE 270,000.00