E11-13. On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred.

Apr. 1 Issued 25,000 additional shares of common stock for $17 per share.

June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30.

July 10 Paid the $1 cash dividend.

Dec. 1 Issued 2,000 additional shares of common stock for $19 per share.

15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31.

Instructions

Prepare the entries, if any, on each of the three dividend dates. HowaredividendsanddividendspayablereportedinthenancialstatementspreparedatDecember31?

Account	Debit	Credit	Shares of Stock Outstanding	Accounts Available to Use
			Date	add/subtract	Balance	Dividends Payable
Beginning	Cash
1-Apr	Dividends Payable
			1-Dec