Your answer is partially correct. Try again. On January 1, Monty Corp. had 61,900 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 13,500 additional shares of common stock for $12 per share. June 15 Declared a cash dividend of $1.75 per share to stockholders of record on June 30. July 10 Paid the $1.75 cash dividend. Dec. 1 Issued 6,000 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.25 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 June 15 Reta Retained Earnings Dividends Payable July 10 dividends Payable 131950 Cash 131950 Retained Earnings Dividends Payable 183150 Click if you would like to show Work for this question: Open Show Work Exercise 11-16 On January 1, 2017, Novak Corp. had $1,430,000 of common stock outstanding that was issued at par and retained earnings of $730,000. The company issued 21,000 shares of common stock at par on July 1 and earned net income of $400,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2017, for the following two independent assumptions. (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.) (a) Par value is $10 and market price is $16. (b) Par value is $5 and market price is $9. No. Account Titles and Explanation Debit Credit (a)