During 2023, the company declared dividends of $50,000, thes…
During 2023, the company declared dividends of $50,000, these have not yet been paid. Fill in the blanks below to complete the following journal entry. Date Account Titles Debit Credit 2023 Blank #1 Blank #2 Blank #3 Blank #2 To record dividends declared. You should choose from the following account titles to complete your journal entry: Common shares Preferred shares Cash Dividends declared Dividends payable Retained earnings When recording numerical responses do not include dollar signs, commas or spaces. Ex. 1000