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Current Attempt in Progress On January 1, 2020, Sheridan Corporation had 96,000 shares of no-par common stock issued. 6,000 shares are held as treasury
Current Attempt in Progress On January 1, 2020, Sheridan Corporation had 96,000 shares of no-par common stock issued. 6,000 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 11,000 additional shares of common stock for $20 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Dec. Paid the $2 cash dividend. 1 Purchased 2,100 additional shares of common stock for $19 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.30 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dividend dates. (Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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