Current Attempt in Progress On January 1, 2021, Foress Corporation had 88,000 common shares, recorded at $648,000, and retained earnings of $1,035,000. During the year, the following transactions occurred: Apr. 2 June 15 Issued 4,600 common shares at $20 per share. Aug. 21 Nov. 1 Dec. 20 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21, $24 on September 5, and $27 on September 20. Issued 3,200 common shares at $25 per share. Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10. (a) Your answer is partially correct. Record the above transactions for 2021. (Note: Closing entries are not required.) (List all debit entries before credit entries. 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.) Date Account Titles and Explanation Apr. 2 Cash Debit Credit 92000 (a) Your answer is partially correct. Record the above transactions for 2021. (Note: Closing entries are not required.) (List all debit entries before credit entries. 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.) Date Account Titles and Explanation Apr. 2 Cash Debit Credit 92000 92000 23150 23150 Common Shares June 15 Dividends Declared Dividends Payable July 10 Dividends Payable 23150 Cash Aug. 21 Dividends Declared Stock Dividends Distributable Sept. 20 Stock Dividends Distributable Common Shares 24300 23150 24300 24300 24300 Dividends Payable 23150 July 10 Dividends Payable 23150 Cash 23150 Aug. 21 Dividends Declared 24300 Stock Dividends Distributable 24300 Sept. 20 Stock Dividends Distributable 24300 Common Shares 24300 Nov. 1 Cash 97230 Common Shares 97230 Dec. 20 Dividends Declared 125010 Dividends Payable 125010 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit