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Your answer is partially correct On January 1, Pronghorn Corp had the year, the following transactions occurred 62,200 shares of no-par common stock issued and
Your answer is partially correct On January 1, Pronghorn Corp had the year, the following transactions occurred 62,200 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During no-par common Apr. 1 Issued 14,850 additional shares of common stock for $ 13 per share. June 15 Declared a cash dividend of $ 1.60 per share to stockholders of record on June 30. July 10 Paid the $ 160 cash dividend. Dec. 1 Issued 6.600 additional shares of common stock for $11 per share Dec 15 Declared a cash dividend on outstanding shares of $ 1.70 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. Credit account titles are automatically indented when 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, Round answers to O decimal places, e.g. 1,225.) Date Account Titles and Explanation Debit Credit une 15 Cash Dividends 441850 Dividends Payable 441,850 July 10Dividends Payable 441,850 441,850 Dec 15 Oividends Payable
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