Exercise 14-01 a (Video) On January 1, Blossom Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr. Issued 20,000 additional shares of common stock for $16 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 1,000 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. (a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apt. 1 Cash 320,000 Paid-in Capital in Excess of Par-Common Stock 240,000 Common Stock 80,000 June 15 v Cash Dividends Dividends Payable July 10 Dividends Payable Cash Date Account Titles and Explanation Debit Credit Apr. 1 Cash 320,000 Paid-in Capital in Excess of Par-Common Stock 240,000 Common Stock 80,000 June 15 Cash Dividends Dividends Payable July 10 Dividends Payable Cash Dec. 1 v Cash Paid-in Capital in Excess of Par-Common Stock Common Stock Dec. 15 Cash Dividends Dividends Payable