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On January 1 , Indigo Corporation had 6 3 , 0 0 0 shares of no - par common stock issued and outstanding. The stock

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On January 1, Indigo Corporation had 63,000 shares of no-par common stock issued and outstanding. The stock has a stated value of
$4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 18,450 additional shares of common stock for $13 per share.
June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
July 10 Paid the $1.50 cash dividend.
Dec. 1 Issued 8,200 additional shares of common stock for $13 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 the entries on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit
account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts. List all debit entries before credit entries.)
Date
Account Titles and Explanation
Debit
Credit
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