Exercise 11-6

On January 1, Blue Spruce Corp. had61,100shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.

Apr. 1Issued9,900additional shares of common stock for $11per share.June 15Declared a cash dividend of $1.70per share to stockholders of record on June 30.July 10Paid the $1.70cash dividend.Dec. 1Issued4,400additional shares of common stock for $11per share.Dec. 15Declared a cash dividend on outstanding shares of $2.20per share to stockholders of record on December 31.

(a)Prepare the entries, if any, on each of the three dates that involved dividends.(Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 1,225.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

Apr. 1

June 15

July 10

Dec. 1

Dec. 15

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 1

June 15

July 10

Dec. 1

Dec. 15

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Apr. 1

June 15

July 10

Dec. 1

Dec. 15

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount