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Coranado Corporation has 11 million shures of common stock issued and cutstanding. On June 1 , the board of directors voted an 75 cents per

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Coranado Corporation has 11 million shures of common stock issued and cutstanding. On June 1 , the board of directors voted an 75 cents per share cahti dividend to stockholders of record as of June 14, payable June 30. (a) Prepare the joumal entries for each of the dates above assuming the dividend represents a distribution of earnings. fList all debit entries before chefit entries. Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no. entry is requirrd, select "No Entry" for the account tieles and enter O for the amounts. Record entries in the order displaytd in the protiem staterent

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