PRINTER VERSION 4 BACK NET Exercise 14-1 Your answer is partially correct. Try again. On January 1, Guillen Corporation had 92,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred Apr. 1 Issued 23,500 additional shares of common stock for $17 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 Issued 1,000 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $4.80 per share to stockholders of record on December 31. Prepare the entries to record these transactions. (If no entry is required, select "No entry for the account titles and enter 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 399500 Common Stock 94000 Paid in Capital in Excess of Stated Value-Common 305500 June 15 Cash Dividends 231000 Dividends Payable 231000