Use the following information for Question #1 and Question #2. Central Perk has 65,000 common shares outstanding of $6 par value per share. Central Perk declared a $0.50 per share cash dividend on June 30, 2024. This cash dividend will be paid on August 25, 2024 to shareholders of record on August 1, 2024. On June 30, 2024 net income will [Select] [Select] liabilities will [Select] 9 [Select] total stockholders' equity will total assets will [Select] 9 paid in capital will and total

Use the following information for Question \#1 and Question \#2. Central Perk has 65,000 common shares outstanding of $6 par value per share. Central Perk declared a $0.50 per share cash dividend on June 30,2024 . This cash dividend will be paid on August 25, 2024 to shareholders of record on August 1, 2024. On June 30,2024 net income will . paid in capital will , total stockholders' equity will , total assets will and total liabilities will What journal entry should Central Perk record on August 25,2024 ? Answer should be expressed as: DR (ACCOUNTNAME) $XXX CR (ACCOUNT NAME) \$XXXXX No dates or explanations are needed