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    Sn0oP's Avatar
    Sn0oP Posts: 1, Reputation: 1
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    #1

    Sep 20, 2011, 06:01 PM
    Accounting
    On January 1, Molini Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred.
    Apr. 1 Issued 25,000 additional shares of common stock for $17 per share.
    June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30.
    July 10 Paid the $1 cash dividend.
    Dec. 1 Issued 2,000 additional shares of common stock for $19 per share.
    Dec. 15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 21, 2011, 06:58 AM
    What is your question. What you need to do is journal entries for stock issuance and cash dividends for each transaction.
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