Business, 20.12.2019 23:31 KillerSteamcar
On january 1, whispering winds corp. had 62,600 shares of no-par common stock issued and outstanding. the stock has a stated value of $4 per share. during the year, the following transactions occurred.
apr. 1 issued 16,650 additional shares of common stock for $13 per share.
june 15 declared a cash dividend of $1.55 per share to stockholders of record on june 30.
july 10 paid the $1.55 cash dividend.
dec. 1 issued 7,400 additional shares of common stock for $11 per share.
dec. 15 declared a cash dividend on outstanding shares of $1.65 per share to stockholders of record on december 31.
required:
prepare the entries, if any, on each of the three dates that involved dividends.
Answers: 3
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On january 1, whispering winds corp. had 62,600 shares of no-par common stock issued and outstanding...
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