On January 1, 2018, Accustart Corporation had 72,000 common shares, recorded at $660,000, and retained earnings of $1,050,000. During the year, the following transactions occurred: Apr. 2 Issued 5,000 common shares at $20 per share. June 15 Declared a cash dividend of $0.35 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $23 a share on August 21, $24 on September 5, and $26 on September 20. Nov. 1 Issued 3,300 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.40 per share to common shareholders of record on December 31, payable on January 10. (a) - Your answer is partially correct. Record the above transactions for 2018. (Note: Closing entries are not required.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit June 15 Cash Dividends 26,950 Cash Dividends Dividends Payable Dividends Payable C 26,950 July Dividends Payable C 26.950 Cash C 26,950 O 26,950 26.950 C26,950 88,550 98,550 88,550 C 26,950 Aug. 21 Dividends Declared Dividends Declared Stock Dividends Distributable tends Distributable Stock Dividends Distributable 88,550 Sept. 204 Stock Dividends Distributable 88,550 Common Shares 88,550 Nov. 1 4 Cash 82,500 Common Shares 82,500 Dec. 20 4 Cash Dividends 32,120 Cash Dividends Dividends Payable Dividends Payable 32,120 32,120 Date Account Titles and Explanation Debit Credit Cash 100,000 Common Shares 100,000 Cash Dividends 26,950 Dividends Payable 26,950 Dividends Payable 26.950 Cash 26,950 Dividends Declared 88,550 Stock Dividends Distributable 88,550 Stock Dividends Distributable 88,550 Common Shares 88,550 [Nov. 1 [ Cash Cash 82,500