Question: How do I determine the amount for Dec 15th??????? I have the rest correct and all the account titles correct. Not sure how to do
How do I determine the amount for Dec 15th??????? I have the rest correct and all the account titles correct. Not sure how to do the math for the 15th entry.
On January 1, Corporation had92,500shares 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 Issued28,500 additional shares of common stock for $16 per share.
June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30.
July 10 Paid the $3 cash dividend.
Dec.1 Issued1,500 additional shares of common stock for $18 per share.
15 Declared a cash dividend on outstanding shares of $3.20 per share to stockholders of record on December 31.
How do I determine the amount for Dec 15th???????
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