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On January 1, Pharoah Corporation had 91,500 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, Pharoah Corporation had 91,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr. 1 Issued 23,000 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec. 1 Issued 2,000 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on Decernber 31. (a) Prepare the entries to record these transactions. ff no entry is required, select "No entry for the account titles and enter 0 for the omounte: Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when amcunt is entared Do not. indent manualiyd Question 20 of 20 Question 20 of 20 110 efetbook and Media List of Accounts Attempts:9 of 1 used Selanit Amever

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