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Wilmington, Inc brands touch the lives of people around the world. Assume that in the current year the company had 10 bilion shares of common
Wilmington, Inc brands touch the lives of people around the world. Assume that in the current year the company had 10 bilion shares of common stock authorized, 4 billion shares Issued, and 3 billion shares outstanding, Par value is $1 per share. Wilmington, Inc. has been paying a dividend for over 100 years. filr Required: Assume that Wilmington, Inc, declared a dividend of $2.59 per share on October 1 to stockholders of record on October 15. Wilmington, Inc, paid the dividend on October 20, Prepare joumal entries as appropriate for each date. (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 (ie, 1,000,000,000 not 10).) View transaction lit LO Journal entry worksheet 2 Record the Journal entry on October 1, Note: Gardebits before credits Debit General Jou Date Credit October 01 APA MacBook BO F $
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