Brief Exercise 11-5 Your answer is partially correct. Try again. Pina Colada Corp. has 8,200 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stockholders of record on December 1 The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 1 VStock Dividends 24600 Dividends Payable 24600 Dec. 31 Dividends Payable 24600 Cash 24600 SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL