On January 1, JDS Ltd. had 30,000 common shares outstanding, recorded at $84,000, and $450,000 in retained earnings. On May 1 JDS issued an additional 7,000 common shares at $15 per share. On July 1, the company declared a $0.60 per share cash dividend with a record date of July 15 and issue date of July 24 Instructions: Answer the following questions. Enter dollar amounts with no dollar signs or commas (e.g., 4596). a) After the issue of common shares, how many common shares are outstanding b) On July 1, you would credit c) On July 24, you would credit Check Assignment for for Next page ABUS Chapter 12 practice COO 16 E f7 f80/2 6 7 8 19 9 f10 f11