Question: ?Please show work!! Problem 18-8 Share issue costs; issuance; dividends; early retirement [L018-3,18-4,18-7] During its first year of operations, Cupola Fan Corporation issued 32,000 of

 ?Please show work!! Problem 18-8 Share issue costs; issuance; dividends; early

?Please show work!!

Problem 18-8 Share issue costs; issuance; dividends; early retirement [L018-3,18-4,18-7] During its first year of operations, Cupola Fan Corporation issued 32,000 of $1 par Class B shares for $395,000 on June 30, 2018. Share issue costs were $1,700. One year from the issue date (July 1, 2019, the corporation retired 10% of the shares for $40,500. Required 1. to 4. Prepare the journal entry to record the issuance of the shares, the declaration of a $2.20 per share dividend on December 1, 2018, the payment of the dividend on December 31, 2018 and the retirement of the shares. (If no entry is required for a transaction event, selt "No journal entry required" in the first account field.) View transaction list

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