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Current Attempt in Progress On January 1 Vaughn Manufacturing had 73,000 shares of no-par common stock issued and outstanding. The stock has a stated value
Current Attempt in Progress On January 1 Vaughn Manufacturing had 73,000 shares of no-par common stock issued and outstanding. The stock has a stated value of 55 per share. During the year, the following transactions comme Apr. 1 Issued 15.000 additional shares of common stock for $10 per share, June 15 Declared a cash dividend of $1.00 per share to stockholders of record on June 30 July 10 Paid the $1.00 cash dividend. Dec. 1 Issued 6,300 additional shares of common stock for $12 per share 15 Declared a cash dividend on outstanding shares of $100 per share to stockholders of record on December 31 Prepare the entries, if any, on each of the three dates that involved dividends. (Credit account titles are automatically indented when the amount is entered. Do not inden manuel Recordjoumal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation 5140
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