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Your answer is partially correct On January 1, Bridgeport Corp. had 61,300 shares of no-par common stock issued and outstanding. The stock has a stated
Your answer is partially correct On January 1, Bridgeport Corp. had 61,300 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. 1 Apr. June July Dec. Dec. 15 10 Issued 10,800 additional shares of common stock for $11 per share. Declared a cash dividend of $1.80 per share to stockholders of record on June 30. Paid the $1.80 cash dividend. Issued 4,800 additional shares of common stock for $11 per share. Declared a cash dividend on outstanding shares of $1.90 per share to stockholders of record on December 31. 1 15 (a) Prepare a tabular summary to record the three dates that involved dividends. (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 decimal places, eg. 5,276.) Assets Liabilities Paid-in-Capital Dividend Payable Cash June 15 $ $ $ July 10 Dec. 15 Prepare a tabular summary to record the three dates that involved dividends. (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 decimal places, e.g. 5,276.) Stockholders' Equity apital Retained Earnings Revenue Expense Dividend $
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