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View Policies Current Attempt in Progress On January 1, 2021, HSS Corporation had 84,000 common shares recorded at $630,000, and retained earnings of $962,000. During
View Policies Current Attempt in Progress On January 1, 2021, HSS Corporation had 84,000 common shares recorded at $630,000, and retained earnings of $962,000. During the year, the following transactions occurred Apr 2 Issued 5,400 common shares at $20 per share June 15 Aug. 21 Nov 1 Dec 20 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10. Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20 The shares were trading for $22 a shart on August 21, 524 on September 5, and $26 on September 20. Issued 2,900 common shares at $25 per share. Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10. (a) Record the above transactions for 2021. (Note: Closing entries are not required) (List all debit entries before credit entries. Credit account titles are automatically indented when the 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) Date Account Titles and Explanation ABO Cash Common Shares Wine 15 crih dividend July 20 Aug 21 Debit Credit 100000 Dividends Payable Dividends Payable 22350 22350 Cash 96340 Stack Dividends Distributa L 5020 V Stock Dividends Dri Common Sham Nov 1 V Cal Connon Shas 20 Dividend Paya 72500 29001 Saver Later Last saved 17minutes an Attempts: Cof I use 108 98 72
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