) Ch 11: Homework IP Question 6 of 6 Current Attempt in Progress On January 1, Culver Corporation had 62,800 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. June 15 July Dec. Dec. (a) 10 Apr. 1 1 Date 15 1 June 15 Prepare the entries on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Issued 17,550 additional shares of common stock for $11 per share. Declared a cash dividend of $1.60 per share to stockholders of record on June 30. Paid the $1.60 cash dividend. Issued 7,800 additional shares of common stock for $12 per share. Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31. Account Titles and Explanation Cash Common Stock -/1 = : MacBook Pro Debit 193,050 Credit 193,050

On January 1. Culver Corporation had 62,800 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share During the year, the following transactions occurred. Apr, 1 Issued 17.550 additional shares of commonstock for $11 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30 . July 10 Paid the $1.60 cash dividend. Dec 1 Issued 7.800 additional shares of common stock for $12 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2,00 per share to stockholders of record on December 31. (a) Prepare the entries on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit occount titles are dutomatically indented when amount is entered, Do not indent monually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.)