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On January 1, Sandhill Corporation had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share.

On January 1, Sandhill Corporation had 90,500 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 June 15 July Dec. 10 1 15 Issued 29,500 additional shares of common stock for $18 per share. Declared a cash dividend of $3 per share to stockholders of record on June 30. Paid the $3 cash dividend. Issued 2,000 additional shares of common stock for $20 per share. Declared a cash dividend on outstanding shares of $3.70 per share to stockholders of record on December 31.
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On January 1.5andhill Corporation had 90.500 shares of no-par common stock issued and outstandinz. The stock has a stated value of 54 per share During the ycar, the followirg ocrurred. Ape. 1 Issued 29,500 additional shares of common stock for $18 per share. June-15.Declared a cash dividend of $3 per share to stockholders of record on June 30 . July 10 Paid the $3 cath dividend, Dec 1 lssued2,000 additional shares of commonstock for $20 per share. 15 Declared a cash dividend on outstanding shares of $3.70 per share to stockhalders of recoed on December 31. Prepare the entries to record these transactions. of no entry is reguired, select "No entry" for the account fitles and enter ofor ihe amounts Becord journal entries in the order presented in the problen. Condt ocrount titles are autamatically indented when amount is enfered. De not indent manually)

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