Question $5$ of $5$

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On April $15,2024,$ Culver Ltd$.$ declared a $50$ per share cash dividend, payable on May $31$ to shareholders of record on May $1.$ On the date of declaration, Culver Ltd$.$ had $354,000$ common shares outstanding. On May $15,2024,$ the company issued an additional $82,600$ common shares for $$8$ each. On May $31,$ the dividend was paid. On December $15,2024,$ Culver Ltd$.$ declared a $50$ per share cash dividend, payable on January $15,2025$ to shareholders of record on January $2,2025.$

Prepare all the required journal entries to record these transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

$2024$

April $15$

Question $5$ of $5$

$\frac{-}{1}$

May $1$

May $15$

May $31$

$$

$$

$$

Dec. $15$

$$

$2025$