On January 1, Armada Corporation had 95,000 shares of no-par common stock issued and outstanding.
accounting teacherE11-13 On January 1, Armada Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred.
Apr. 1 |
| Issued 15,000 additional shares of common stock for $17 per share. |
June 15 |
| Declared a cash dividend of $1 per share to stockholders of record on June 30. |
July 10 |
| Paid the $1 cash dividend. |
Dec. 1 |
| Issued 2,000 additional shares of common stock for $19 per share. |
Dec. 15 |
| Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. |
Prepare the entries, if any, on each of the three dividend dates.
Date | Account/Description | Debit | Credit | |||||||
June 15 |
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In the
On January 1, Armada Corporation had 95,000 shares of no-par common stock issued and outstanding. NOT RATED Purchase the answer to view it 
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11 years ago
