Selected transactions of Joseph Corporation during 2019 follow. Record them in the general journal.

Analyze: What annual per share dividend was paid to common stockholders in 2019?

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DATE TRANSACTIONS Mar. 15 Filed the federal income tax return for 2018. The total tax for the year was $135,000. During 2018, quarterly deposits of estimated tax totaling $130,000 had been made. The additional tax of $5,000 was paid with the return. On December 31, 2018, the accountant had estimated the total tax for 2018 to be $134,600 and had recorded a liability of $4,600 for federal income tax payable. Аpг. Paid first quarterly installment of $40,000 on 2019 estimated federal 15 income tax. May Declared dividend of $0.20 per share on the 50,000 shares of common stock outstanding. The dividend is payable on June 2 to stockholders of record as of May 20, 2019. 3 Paid dividend declared on May 3. June Paid second quarterly installment of $40,000 on 2019 estimated federal 15 income tax. Sept. 15 Paid third quarterly installment of $40,000 on 2019 estimated federal income tax. Nov. Declared dividend of $0.20 per share on 50,000 shares of common stock outstanding. The dividend is payable on December 2 to holders of record on November 20. 2 Paid dividend declared on November 2. Dec. Paid fourth quarterly installment of $40,000 on 2019 estimated income tax. 15 Total income tax for 2019 was $169,000. Record as an adjustment the differ- ence between this amount and the total quarterly deposits. 31