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Question 21 10 points Save Answer A company has 5,000 authorized shares of stock and 4,000 outstanding shares. On April 1, 2020 the board of directors declare a cash dividend of 51 per share outstanding to be paid on April 30, 2020. What will be the journal entry on April 1, 20207 Dividend Expense $4,000 CA Dividends $4,000 Dividends 54,000 Cash $4,000 Dividends 54,000 C Dividend Payable $4,000 No Entry until April 30, 2020 Moving to another question will save this response. Question 220f31 Question 22 10 points Save to Additional Paid in Capital Flip Flop Farm issued 2,000 shares of 51 par value stock for $10 a share. The journal entry to record this transaction would include a Debit of $18,000 B. Credit of $18.000 Debit of $2,000 Credit of $2,000 -> Moving to another question will save this response Question 22 of 31