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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.
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 a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (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 0 decimal places, eg. 5,276.) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (ff a transaction causes a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced. Round answers to 0 decimal places, eg. 5,276 .) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Llabilitles or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced. Round answers to 0 decimal places, eg. 5,276.) eTextbook and Media Attempts: 0 of 3 used
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