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Business, 11.02.2021 17:30 arom7470

During its first year of operations, Cupola Fan Corporation issued 44,000 of $1 par Class B shares for $455,000 on June 30, 2021. Share issue costs were $2,900. One year from the issue date (July 1, 2022), the corporation retired 10% of the shares for $46,500. Required: 1. to 4. Prepare the journal entries to record the issuance of the shares, the declaration of a $2.30 per share dividend on December 1, 2021, the payment of the dividend on December 31, 2021 and the retirement of the shares

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During its first year of operations, Cupola Fan Corporation issued 44,000 of $1 par Class B shares f...

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