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On January 1 Crane Corporation had 95,500 shares of no-par common stock issued and outstanding. The stock has a stated value of 57 per share.

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On January 1 Crane Corporation had 95,500 shares of no-par common stock issued and outstanding. The stock has a stated value of 57 per share. During the year the following occurred Apr Issued 24 500 additional shares of common stock for 516 per share, June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30. July 10 Pald the $3 cash dividend. Dec und 3.000 additional shares of common stock for $19 per share Declared a cash dividend on outstanding shares of $160 per share to stockholders of record on December 31 15 ( Prepare the entries to record these transactions. (If no entry is required, select "No entry for the account titles and enter 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

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