Question
As of January 1, Swifty Corporation had 63,100 shares of common stock with no par value issued and outstanding. The stock has a declared value
As of January 1, Swifty Corporation had 63,100 shares of common stock with no par value issued and outstanding. The stock has a declared value of $4 per share. The following transactions took place during the year.
| April 1st | Issued an additional 18,900 shares of common stock at $12 per share. | |
| June, 15 | Declared a cash dividend of $1.90 per share to shareholders of record on June 30. | |
| July 10th | He paid the cash dividend of $1.90. | |
| December 1st | Issued an additional 8,400 shares of common stock at $13 per share. | |
| December 15 | Declared a cash dividend on shares outstanding of $2.10 per share to shareholders of record on December 31. |
| Prepare entries, if any, for each of the three dates involving dividends. |
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
