Question: Help Please Your answer is partially correct. Try again. On January 1, Guillen Corporation had91,500shares of no-par common stock issued and outstanding. The stock has

Help Please

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On January 1, Guillen Corporation had91,500shares of no-par common stock issued and outstanding. The stock has a stated value of $4per share. During the year, the following occurred.

Apr.	1	Issued23,000 additional shares of common stock for $19 per share.
June	15	Declared a cash dividend of $2 per share to stockholders of record on June 30.
July	10	Paid the $2 cash dividend.
Dec.	1	Issued2,000 additional shares of common stock for $18 per share.
15	Declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on December 31.

(a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Apr. 1	Cash	437000
Common Stock		92000
Paid-in Capital in Excess of Stated Value-Common Stock		345000
June 15

July 10	Dividends Payable
Cash
Dec. 1	Cash	36000
Common Stock		8000
Paid-in Capital in Excess of Stated Value-Common Stock		28000
Dec. 15

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