Question $8$ of $12$Question $8$ of $12$

June $15$ Declared a cash dividend of $$2$ per share to stockholders of record on June $30.$

July $10$ Paid the $$2$ cash dividend.

Dec. $1$ Purchased $10,000$ additional shares of common stock for $$18$ per share.

$15$ Declared a cash dividend of $$2\mathrm{.}20$ per share to stockholders of record on December $31.$

$($a$)$

Prepare the entries, if any, on each of the three dividend dates. $($Record journal entries in the order presented in the problem. List all

debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Cash

Common Stock

Cash Dividends

Dividends Payable

June $15$ Declared a cash dividend of $$2$ per share to stockholders of record on June $30.$

July $10$ Paid the $$2$ cash dividend.

Dec. $1$ Purchased $10,000$ additional shares of common stock for $$18$ per share.

$15$ Declared a cash dividend of $$2\mathrm{.}20$ per share to stockholders of record on December $31.$

$($a$)$

Prepare the entries, if any, on each of the three dividend dates. $($Record journal entries in the order presented in the problem. List all debit entries before

credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Apr. $1$

Cash

Common Stock

Cash Dividends

Dividends Payable