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On January 1, 2016 PT Sun had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred. April June 1 15
On January 1, 2016 PT Sun had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred. April June 1 15 July December December 10 1 15 Issued 10,000 additional shares of common stock for $11 per share. Declared a cash dividend of $1,50 per share to stockholders of record on June 30 Paid the $1.50 cash dividend. Issued 5,000 additional shares of common stock for $12 per share, Declared a cash dividend on outstanding shares of $1.75 per share to stockholders of record on December 31 Required: Record/journalize all transactions above
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