Question
On January 1, Tellier Corporation had 64,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share.
On January 1, Tellier Corporation had 64,400 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 15,660 additional shares of common stock for $11 per share. | |
| June 15 | Declared a cash dividend of $1.60 per share to stockholders of record on June 30. | |
| July 10 | Paid the $1.60 cash dividend. | |
| Dec. 1 | Issued 5,520 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. |
Prepare the entries, if any, on each of the three dates that involved dividends.
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Auditing Text And Cases
Authors: W. Robert Knechel, Knechel
1st Edition
0538819340, 9780538819343
