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23. Coquitlam Crunch Corporation has 60,000 common shares outstanding. The following transactions related to the company's shares took place during the year: June 15 Declared

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23. Coquitlam Crunch Corporation has 60,000 common shares outstanding. The following transactions related to the company's shares took place during the year: June 15 Declared a 30% share dividend to shareholders of record on June 20th, to be issued July 10th. Shares are selling at $1/share. July 10 Issued share dividend. Prepare the journal entries to record the transactions. 5

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