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Exercise 8-16 On January 1 Monty Corp. had 61.900 shares of no par common stock issued and outstanding. The stock has stated value of $4
Exercise 8-16 On January 1 Monty Corp. had 61.900 shares of no par common stock issued and outstanding. The stock has stated value of $4 per share. During the year, the following transactions occurred d outstanding. The stock has a Apr 1 Issued 13,500 additional shares of common stock for $12 per share une 15 Decared a cash dividend of $1.75 per share to stockholders of record on June 30 uly 10 Paid the $1.75 cash dividend Dec. 1 Issued 6,000 additional shares of common stock for $11 per share. Dec. 15 Declared cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31. Prepare tabular summary to record the three dates at nvolved drvidends. If a tran acton causes d decrease an Assets Liability or Equity item that iwas reduced. Round answers to O decimal places,e.g. 5,276.) r Stockholders' Equity Liabilities or Stockholders' Equity, place d legati e so n or parentheses ront of theamount entered for the particular en sset Assets Liabilities Stockholders Equity Paid-in-Capital Dividend Payable Revenveetined Earnin Dividend June 15 July 1D
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