On March 1, 2014, Kissell Corporation began operations with a charter from the state that authorized 100,000 shares of $4 par value common stock. Over the next quarter, the company engaged in the transactions that follow.

Mar.	1	Issued 30,000 shares of common stock, $200,000.
	2	Paid fees associated with obtaining the charter and starting up and organizing the corporation, $24,000.
Apr.	10	Issued 13,000 shares of common stock, $130,000.
	15	Purchased 5,000 shares of common stock, $50,000.
May	31	The board of directors declared a $0.20 per share cash dividend to be paid on June 15 to shareholders of record on June 10.

Hint(s)

1. Record the T accounts for Dividends and Dividends Payable using the information above