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SLOCK ISSued and tstanding. I ne stock has a stated value of 54 Un January 1, Monty Corp. par per share. During the year, the

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SLOCK ISSued and tstanding. I ne stock has a stated value of 54 Un January 1, Monty Corp. par per share. During the year, the following transactions occurred. Apr. 1 June 15 July 10 Dec. 1 Dec. 15 Issued 13,500 additional shares of common stock for $12 per share. Declared a cash dividend of $1.75 per share to stockholders of record on June 30. Paid the $1.75 cash dividend. Issued 6,000 additional shares of common stock for $11 per share. Declared a cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 1,225.) Date Credit Debit Account Titles and Explanation Cash Dividends June 15 Dividends Payable July 10 Dividends Payable Cash Dec. 15 Cash Dividends (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to O decimal places, e-8. 1,225.) Date Debit Credit June 15 Account Titles and Explanation Cash Dividends Dividends Payable July 10 Dividends Payable Cash Dec. 15 Cash Dividends Dividends Payable

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