week 14. pt.4

1 On January 1, Ayayai Corp. had 61,000 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 , Issued 9,450 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30 July Paid the $1.50 cash dividend. Dec. Issued 4,200 additional shares of common stock for $11 per share. Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31 10 1 15 Dec (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced. Round answers to decimal places, eg. 5,276) Assets Liabilities Paid-in-Capital Cash Dividend Payable Revenu June 15 $ July 10 Dec. 15 1 On January 1. Ayayai Corp had 61,000 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 Issued 9.450 additional shares of common stock for $11 per share. 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July Paid the $150 cash dividend. Issued 4.200 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. Apr. June 10 1 Dec. (a) Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) In front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to O decimal places, eg. 5,276.) Stockholders' Equity Retained Earnings Expense Dividend Revenue $ $