dymndgirl
Jul 11, 2007, 12:40 PM
On janurary 1. ABC Corp had 95,000 shares of no-par common stock issued and outstanding.. The stock has a stated value of $5 per share. during the following ocuured
4/1 issued 15,000 shares of common stock for $17 per share
6/15 delclared a cash dividend of $1 per share to stockholders of record on June 30
7/10 paid the $1 cash dividiend
12/1 issued 2.000 additional shares of common stock for $19 per share
12/15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on Dec. 31
Need help pereparing the entries if andy on each of the three dividend dates.
Thanks in advance
:confused:
4/1 issued 15,000 shares of common stock for $17 per share
6/15 delclared a cash dividend of $1 per share to stockholders of record on June 30
7/10 paid the $1 cash dividiend
12/1 issued 2.000 additional shares of common stock for $19 per share
12/15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on Dec. 31
Need help pereparing the entries if andy on each of the three dividend dates.
Thanks in advance
:confused:





