The stockholders' equity accounts of Top DawgEntertainment Inc., January 1, 2021, are as follows Preferred Stock $100,5% $200.000 400,000 50.000 Common Stock $10 Paid-in Capital in Excess of Pur. Preferred Stock Pain Capital in Excess of Pe. Common Stock Retained Earnings There were no dividends in artears on preferred stock During 2021, the company had the following transactions and events July1 Declared a $0.50 cash dividend on common stock 100.000 300.000 INSTRUCTIONS Journalize the transaction. Follow the following instructions to receive credit 1. Date should be spelled correctly and written as Month Day (ex. February 4) 2 Credit account titles are automatically indented when title is entered. Do not indent manually 3. Account tities must be spelled correctly. 4. Do not key S-signs within journal entries. Date Account Titles and Explanation Debit Credit