On january 1 tellier corporation had 64400 shares of no-par, Ask an Expert

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On January 1, Tellier Corporation had 64,400 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 15,660 additional shares of common stock for $11 per share.
June 15		Declared a cash dividend of $1.60 per share to stockholders of record on June 30.
July 10		Paid the $1.60 cash dividend.
Dec. 1		Issued 5,520 additional shares of common stock for $13 per share.
Dec. 15		Declared a cash dividend on outstanding shares of $1.90 per share to stockholders of record on December 31.

Prepare the entries, if any, on each of the three dates that involved dividends.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949184

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