Question 6,7&8

The Capital Corporation had stock holders equity on January 1, 2000. please prepare journal entry

Fil 6. Questions 6, 7, 8, and 9 relate to the following scenario: The Capital Corporation had stockholders equity on January 1, 2000 as follows: Common stock, $5 par value, 1,000,000 shares $2,625,000 authorized, 525,000 shares issued and outstanding Paid-in Capital/Contributed Capital in excess of $1,025,000 par value Retained Earnings 850.000 Please prepare journal entries for the following transactions. May 1 A cash dividend of $1.10 per share was declared by the Board of Directors to stockholders of 20 payable on June record on May Spell checker 7. June 1 Paid the cash dividend. checker