On January 1, Grouper Corp. had 61,600 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 12,150 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.65 per share to stockholders of record on June 30. July 10 Paid the $1.65 cash dividend. Dec. 1 Issued 5,400 additional shares of common stock for $13 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.75 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On January 1, Grouper Corp. had 61,600 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Identify the two independent clauses in the following compound-complex sentence. The production manager supported the changes, and he expected the process to work smoothly after the new machines were installed.
Answers (1)
Salem Computers Merchandise Inventory account at year-end is showing a balance of $ 44 comma 000. The physical count of inventory came up with $ 42 comma 800. Journalize the adjusting entry needed to account for the inventory shrinkage.
Answers (1)
I start working at Wendy's today, any advise?
Answers (1)
Kendra has a babysitting business that she earns $6 per hour she babysits. She already has $50. She wants to earn enough to buy a new phone for $350.
Answers (1)
Determine the formula, then calculate ending direct materials total cost.
Answers (1)
New Questions in Business
How does money make the exchange process easier
Answers (1)
Analyzing the difficulty, frequency, and importance of work activities associated with a particular job is a fundamental aspect of job design.
Answers (1)
Which of the following transactions would cause a decrease in both assets and stockholders' equity? A) Paying advertising for the current month. B) Purchasing office equipment on account. C) Paying insurance premium for the next two years.
Answers (1)
The adjusting entry to record an accrued expense includes a debit to: a. an expense account and a credit to a liability account. b. an expense account and a credit to a revenue account. c. a liability account and a credit to a revenue account. d.
Answers (1)
Which sentence is correct? a. the school system comprises five different districts, each of which is comprised of six or more schools. b. the school system comprises five different districts, each of which comprises six or more schools. c.
Answers (1)