CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 23 On December 31, 2020, Sheridan, Inc. has 4200 shares of 5% $100 par value cumulative preferred stock and 59400 shares of $10 par value common stock outstanding. On December 31, 2020, the directors declare a $19000 cash dividend. The entry to record the declaration of the dividend would include: a credit of $19000 to Cash Dividends. a debit of $19000 to Common Stock. a credit of $19000 to Dividends Payable. a note in the financial statements that dividends of $5 per share are in arrears on preferred stock for 2020. Question Attempts: 0 of 1 used