View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct On January 1. Novak Corp, had 62,400 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 8,100 additional shares of common stock for $11 per share June 15 July 10 Dec 1 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. Issued 4,400 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.60 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit (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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Apr. 1 : Cash Common Stock June 15 # Retained Earnings Dividends Payable July 10 Dividends Payable Cash eTextbook and Media Debit Credit 89.100 74.550 74.550 32400 74,550 74,550