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On January 1, Chevon Corporation had 94,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share.
On January 1, Chevon Corporation had 94,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred Issued 27,100 additional shares of common stock for $19 per share. Apr. 1 June 15 July 10 Dec. 1 15 Declared a cash dividend of $2.89 per share to stockholders of record on June 30 Paid the $2.89 cash dividend. Issued 2,500 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $2.16 per share to stockholders of record on December 31. Prepare the entries, if any, on each of the three dividend dates. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 15TCash Dividends [ Dividends Payable July 10 TDividends Payable Cash Dec. 15 TCash Dividends Dividends Payable
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