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On January 1 Vanessa Corporation had 61300 shares of noparcommon stock issued and outstanding The stock has a stated valueof $4 per shareDuring the year the following transactionsoccurred

On January 1, Vanessa Corporation had 61,300 shares of no-parcommon stock issued and outstanding. The stock has a stated valueof $4 per share. During the year, the following transactionsoccurred.

Apr. 1 Issued 18,720 additional shares of common stock for $13per share.

June 25 Declared a cash dividend of $2.00 per share tostockholders of record on June 30.

July 10 Paid the $2.00 cash dividend.

Dec. 1 Issued 5,800 additional shares of common stock for $12per share.

Dec. 15 Declared a cash dividend on outstanding shares of $2.20per share to stockholders of record on December 31.

(a) Prepare the entries, if any, on each of the three dates thatinvolved dividends.

Date

Account Titles and Explanation

Debit

Credt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mar 20 2020 View more View Less

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