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a . Declared a $ 0 . 4 0 per - share cash dividend on March 1 0 . b . Paid the $ 0
a Declared a $ pershare cash dividend on March
b Paid the $ pershare dividend on April
c Repurchased common shares at a cost of $ each on May
d Sold unissued common shares for $ per share on June
e Declared a $ pershare cash dividend on August
f Paid the $ pershare dividend on September
g Declared and paid a stock dividend on October when the market price of the common stock was $ per share.
h Declared a $ pershare cash dividend on November
i Paid the $ pershare dividend on December
Required:
Prepare journal entries for each of these transactions. If an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar.
Determine the total dollar amount of dividends cash and stock for the year.
Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions.
Note the following:
If applicable, select the dividend transaction effect eg "Affects assets", "Affects stockholders' equity", No effect" or "Not a dividend transaction"
Enter decreases in assets or equity as negative numbers.
If a cell does not require an answer, leave it blank.
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