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unny's Emporium's articles of incorporation authorize 2 5 0 , 0 0 0 shares of no par value stock. So far, Sunny Fields has sold
unny's Emporium's articles of incorporation authorize shares of no par value stock.
So far, Sunny Fields has sold shares of stock to family and friends for $ per share.
Sunny's Emporium had the following transactions in June, the final month in their fiscal year:
TRANSACTIONS
June The company had repurchased shares of stock in November at $ per share you do not need to make this entryit is included
in the account balances They resell all of these shares at $ per share this is the piece you need to record
June The company issues shares of nopar common stock at $ per share.
June The company declares a cash dividend of $twentyfive cents per share. The date of record is June
June In addition to declaring the cash dividend, the company decides to declare a stock dividend that is to be capitalized
at the market price of the stock, which is $ per share.
June Paid the cash dividend declared on June and distributes the stock dividend declared on June
June Repurchased shares of stock at $ per share.
ROUND ALL CALCULATIONS TO THE WHOLE DOLLAR!!!!
Required:
Journalize the transactions
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