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11. Tyler owns 100 shares of IBM common stock with a cost of $150 per share. IBM has more than 53 million shares of

11. Tyler owns 100 shares of IBM common stock with a cost of $150 per share. IBM has more than 53 million shares of common stock outstanding. Prepare the journal entries for the following transactions. Nov. 15, 2020 Dec. 31, 2020 Dec. 31, 2021 Tyler received a cash dividend of $5.00 per share. The fair value of IBM common stock was $145 per share. The fair value of IBM common stock was $160 per share.

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