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On January 1, Larkspur, Inc. had 56,900 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share.

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On January 1, Larkspur, Inc. had 56,900 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 June 15 July 10 Issued 9,100 additional shares of common stock for $10 per share. Declared a cash dividend of $1.50 per share to stockholders of record on June 30, Paid the $1.50 cash dividend. Issued 4,400 additional shares of common stock for $11 per share Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. Dec 1 15 (a) Prepare the entries, if any, on each of the three dates that involved dividends (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 15 Cash Dividends 70550 Dividends Payable 70550 July 10 Dividends Payable 70550 Cash 70550 (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 15 Cash Orvidente 70550 Dividend wat 70550 10 DMS 70550 Cat 20550 Dec 13 canolvidons 112600 Dividend pas 12 "Touthral and handle

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