Question 6 of 6 View Policies Current Attempt in Progress -/10 On January 1 Weiss Corporation...

Transcribed Image Text:

Question 6 of 6 View Policies Current Attempt in Progress -/10 On January 1 Weiss Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following transactions occurred; Apr. 1 Issued 10,000 additional shares of common stock for $10 per share. June 15 July 201 Declared a cash dividend of $1.00 per share to stockholders of record on June 30. Paid the $1.00 cash dividend. Dec. 1 Issued 4,000 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. (5) Indicate the accounts increased or decreased, if any. on each of the three dates that involved dividends Question 6 of 6 View Policies Current Attempt in Progress -/10 On January 1 Weiss Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following transactions occurred; Apr. 1 Issued 10,000 additional shares of common stock for $10 per share. June 15 July 201 Declared a cash dividend of $1.00 per share to stockholders of record on June 30. Paid the $1.00 cash dividend. Dec. 1 Issued 4,000 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.00 per share to stockholders of record on December 31. (5) Indicate the accounts increased or decreased, if any. on each of the three dates that involved dividends