signment Exercise 14-1 On January 1, Guillen Corporation had 90,500 shares of no-par common stock issued an the following occurred Apr. 1 Issued 21,000 additional shares of common stock for $19 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 2,500 additional shares of common stock for $18 per share. d outstanding. The stock has a stated value of $5 per share. During the year 15 Declared a cash dividend on outstanding shares of $4.30 per share to stockholders of record on December 31 Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 1 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock June 15 July 10 All Rights Reserved. A Division of 6:38 PM