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PLEASE HELP WITH THE MISSING BOXES!!! THANK YOU!! On January 1, Vanessa Corporation had 61,900 shares of no-par common stock issued and outstanding. The stock
PLEASE HELP WITH THE MISSING BOXES!!! THANK YOU!!
On January 1, Vanessa Corporation had 61,900 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 10,080 additional shares of common stock for $12 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. 1Issued 4,480 additional shares of common stock for $12 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) DateAccount Titles and Explanation Debit Credit June 15 TCash Dividends 115168 Dividends Payable 115168 July 10 Dividends Payable 115168 Cash 115168 Dec. 15 Cash Dividends Dividends PayableStep by Step Solution
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