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Data table Jun. 30 Stockholders' Equity Paid-in Capital Preferred Stock-6%, 7 Par Value; 650,000 shares authorized, 250,000 shares issued and outstanding $ Common Stock-$1 Par Value; 8,000,000 shares authorized, 1,320,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity Print Done Cash Dividends Dividends Payable-Common Dividends Payable-Preferred 1.000.000 1,320,000 2.400.000 Requirement 4. No preferred dividends are in arrears. Joumalize the declaration of a $800.000 dividend at June 30, 2024, and the payment of the dividend on July 20, 2024. Use separate Dividends Payable accounts for preferred and common stock. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the declaration of a $800,000 dividend at June 30, 2024. Date Accounts 4,720,000 12.300.000 17,020,000 Debit 800,000 Credit