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Wilmington, Inc. brands touch the lives of people around the world. Assume that in the...

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Accounting

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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 billion 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. Required: Assume that Wilmington, Inc declared a dividend of $249 per share on October 1 to stockholders of record on October 15. Wilmington, Inc. pald the dividend on October 20. Prepare journal 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 (1.e., 1,000,000,000 not 1.0).) View transaction list Journal entry worksheet

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