PART A:

PART B:

The board of directors of Blossom Supply Company declared a cash dividend of $1.50 per share on 41000 shares of common stock on July 15, 2025. The dividend is to be paid on August 15, 2025 to stockholders of record on July 31,2025 . The journal entry to be recorded on August 15, 2025 will include a credit to Cash Dividends. debit to Cash Dividends. credit to Dividends Payable. debit to Dividends Payable. A corporation has the following account balances: Common Stock, \$1 par value, $100000; Paid-in Capital in Excess of Par Value, $2670000. Based on this information, the number of shares issued is 100000 . number of shares outstanding is 2770000 . legal capital is $2770000. average price per share issued is $2.77