On January 1, Guillen Corporation had97,500shares of no-par common stock issued and outstanding. The stock has a stated value of $6per share. During the year, the following occurred.

Apr.1Issued22,500 additional shares of common stock for $18 per share.June15Declared a cash dividend of $1 per share to stockholders of record on June 30.July10Paid the $1 cash dividend.Dec.1Issued1,500 additional shares of common stock for $18 per share.15Declared a cash dividend on outstanding shares of $4.90 per share to stockholders of record on December 31. (a)

Prepare the entries to record these transactions.