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PROBLEM 111 (20%) The following transactions took place in 2018 for Dahmer Corp Jan, 2 Issued 20,000 shares of $1 par value common stock for
PROBLEM 111 (20%) The following transactions took place in 2018 for Dahmer Corp Jan, 2 Issued 20,000 shares of $1 par value common stock for $50,000.. Declared dividend of $4 per share on the outstanding shares of common stock to shareholders of record as of March 25. Assume that there wer 50,000 shares of outstanding stock as of March 15. Paid dividends declared March 15. Reacquired 10,000 shares of its own stock at $13. Declared and issued a 10% stock dividend on the outstanding common stock. The fair market value of a common share of Dahmer Corp. was $16. Mar. 15 Apr.1 July1 Sept. 1 REQUIRED: Prepare the journal entries for the above dates
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