Dividend Transactions

Apr 20, 2022 - Declared a $4 per share divided to preferred shareholders of record on May 15^th, 2021. There are 23400 preferred shares issued. (2)

May 25, 2022 - Paid the dividends declared on Apr 20. (2)

Jun 15, 2022 - Declared a $.50 per share dividend to common shareholders of record on Jun 30, 2021. There are 145000 no par value common shares issued. (2)

July 15, 2022. - Paid the dividends declared on Jun 15 (2)

Nov 1, 2022 - On Nov 1, the board of directors determines that it will pay another total dividend - of $120000. Recall there are 23400, $4 preferred shares and 145000 shares of no par value common stock. (3)

Nov 30, 2022 - Paid the dividends declared on Nov 1. (2)

Instructions

Prepare the entries to record the share transactions described above using the template below. Explanations are not necessary: