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XYZ Corp. has 150,000 shares of $5 stated value no-par common stock authorized and 30,000 shares were outstanding during 2005.The following transactions relate to cash
- XYZ Corp. has 150,000 shares of $5 stated value no-par common stock authorized and 30,000 shares were outstanding during 2005.The following transactions relate to cash dividendsfor the year ending December 31, 2005. make journal entries out of this information
June1Declared a semiannual cash dividend of $2 per common share.
June15Compiled the list of individual shareholders of record
July5Paid the dividends declared on June 1.
Dec.1Declared a 2-1 stock split.
Dec.7Declared a cash dividend of $1 per common share to be paid on January 5.
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