On January 1, 2018, Duffy Dog Corporation had 75,000 common shares, recorded at $560,000, and retained earnings of $1,021,000. During the year, the following transactions occurred

Question 11 On January 1, 2018, Duffy Dog Corporation had 75,000 common shares, recorded at $560,000, and retained earnings of $1,021,000. During the year, the following transactions occurred Apr. 2 Issued 4,500 common shares at $20 per share. June 15 Declared a cash dividend of 0.15 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 3,100 common shares at $24 per share. Dec. 20 Declared a cash dividend of $0.20 per share to common shareholders of record on December 31, payable on January 10