During its first year of operations, Cupola Fan Corporation issued 48,000 of $1 par Class B...

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During its first year of operations, Cupola Fan Corporation issued 48,000 of $1 par Class B shares for $475,000 on June 30, 2021. Share issue costs were $3,300. One year from the issue date (July 1, 2022), the corporation retired 10% of the shares for $48,500. Required: 1. to 4. Prepare the journal entries to record the issuance of the shares, the declaration of a $2.70 per share dividend on December 1, 2021, the payment of the dividend on December 31, 2021 and the retirement of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the issuance of the shares. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 Record the declaration of a $2.70 per share dividend on December 1, 2021. Note: Enter debits before credits. Date December 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet <12 3 4 Record the payment of the dividend on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 Record the retirement of the shares. Note: Enter debits before credits. Date July 01, 2022 General Journal Debit Credit Record entry Clear entry View general journal During its first year of operations, Cupola Fan Corporation issued 48,000 of $1 par Class B shares for $475,000 on June 30, 2021. Share issue costs were $3,300. One year from the issue date (July 1, 2022), the corporation retired 10% of the shares for $48,500. Required: 1. to 4. Prepare the journal entries to record the issuance of the shares, the declaration of a $2.70 per share dividend on December 1, 2021, the payment of the dividend on December 31, 2021 and the retirement of the shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the issuance of the shares. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 Record the declaration of a $2.70 per share dividend on December 1, 2021. Note: Enter debits before credits. Date December 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet <12 3 4 Record the payment of the dividend on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 Record the retirement of the shares. Note: Enter debits before credits. Date July 01, 2022 General Journal Debit Credit Record entry Clear entry View general journal