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On January 1, Blossom Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share.

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On January 1, Blossom Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr. 1 Issued 20,000 additional shares of common stock for $16 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Pald the $1 cash dividend. Dec. 1 Issued 1,000 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 1 Cash 320000 Common Stock 320000 220000 June 15 Cash Dividends Dividends Payable 220000 MacBook CALCULATOR FULLS Dividends Payable 220000 July 10 Dividends Payable 220000 Cash 220000 Dec. 1 Cash 18000 X Common Stock 18000 X 221000 Dec. 15 Cash Dividends X x 21000 Cash Dividends Click if you would like to Show Work for this question: Open Show Work

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