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January 1, Marigold Corp had 61,700 shares of no par common stock issued and outstanding. The stock has a stated value of $4 per share.

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January 1, Marigold Corp had 61,700 shares 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. 15 Jun Declared a cash dividend of $1.50 per share to stockholders of record on June 30. 10 Jul Pald the $1.50 cash dividend 15 Dec Dedared a cash dividend on outstanding shares of $1.70 per Share to stockholders of record on December 31 pare the entries Dato Account Titles and Explanation Debit Credit

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