CALCULATOR PRINTER VERSION BACK NEY Questions On December 31, 2020, Coronado, Inc. has 4500 shares of 6% $100 par value cumulative preferred stock and 59600 shares of $10 par value common stock outstanding. On December 31, 2020, the directors declare a $23000 cash dividend. The entry to record the declaration of the dividend would include: a debit of $23000 to Common Stock O a credit of $23000 to Cash Dividends. a note in the financial statements that dividends of $4 per share are in arrears on preferred stock for 2020. a credit of $23000 to Dividends Payable. Click if you would like to Show Work for this questions Open Show Work LINK TO TEXT Question Attempts: 0 of 1 used