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need the values, thank you so much! On January 1, Sarasota Corp. had 62,400 shares of no-par common stock issued and outstanding. The stock has
need the values, thank you so much!
On January 1, Sarasota Corp. had 62,400 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. Apr. 1 Issued 15,750 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10 Paid the $1.50 cash dividend. Dec. 1 Issued 7,000 additional shares of common stock for $13 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. Account Titles and Explanation Debit Credit Cash Dividends 121133 Dividends Payable 121133 Step by Step Solution
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