On January 1, Bridgeport Corp. had 61,300 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 10,800 additional shares of common stock for $11 per share.
June	15		Declared a cash dividend of $1.80 per share to stockholders of record on June 30.
July	10		Paid the $1.80 cash dividend.
Dec.	1		Issued 4,800 additional shares of common stock for $11 per share.
Dec.	15		Declared a cash dividend on outstanding shares of $1.90 per share to stockholders of record on December 31.

Exercise 8-16 On January 1, Bridgeport Corp. had 61,300 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 10,800 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.80 per share to stockholders of record on June 30. July 10 Paid the $1.80 cash dividend. Dec. 1 Issued 4,800 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.90 per share to stockholders of record on December 31. (a) Prepare a tabular summary to record the three dates that involved dividends. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to O decimal places, e.g. 5,276.) Assets = Liabilities + Stockholders' Equity Retained Earnings Revenue - Expense - Paid-in-Capital = Dividend Payable + + Cash Dividend June 15 $ July 10 Dec. 15