On December 1, 2022, the Preferred shares currently have $200,000 of dividends in arrears due to...

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On December 1, 2022, the Preferred shares currently have $200,000 of dividends in arrears due to a short payment from the prior year. On December 10, 2022, Baker Hughes announces a $900,000 dividend to be paid to the shareholders as of the record date December 15th. The payment will be made December 31". Record all of the dividend journal entries for this situation. Date Account Debit Credit On December 1, 2022, the Preferred shares currently have $200,000 of dividends in arrears due to a short payment from the prior year. On December 10, 2022, Baker Hughes announces a $900,000 dividend to be paid to the shareholders as of the record date December 15th. The payment will be made December 31". Record all of the dividend journal entries for this situation. Date Account Debit Credit On December 1, 2022, the Preferred shares currently have $200,000 of dividends in arrears due to a short payment from the prior year. On December 10, 2022, Baker Hughes announces a $900,000 dividend to be paid to the shareholders as of the record date December 15th. The payment will be made December 31". Record all of the dividend journal entries for this situation. Date Account Debit Credit On December 1, 2022, the Preferred shares currently have $200,000 of dividends in arrears due to a short payment from the prior year. On December 10, 2022, Baker Hughes announces a $900,000 dividend to be paid to the shareholders as of the record date December 15th. The payment will be made December 31". Record all of the dividend journal entries for this situation. Date Account Debit Credit

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