Question $6$ of $6$

$/1\mathrm{.}2$

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On January $1,$ Flounder Corp. had $61,500$ shares of no$-$par common stock issued and outstanding. The stock has a stated value of $$4$ per share. During the year, the following transactions occurred.

Apr. $1$ Issued $11,700$ additional shares of common stock for $$12$ per share.

June $15$ Declared a cash dividend of $$1\mathrm{.}90$ per share to stockholders of record on June $30.$

July $10$ Paid the $$1\mathrm{.}90$ cash dividend.

Dec. $1$ Issued $5,200$ additional shares of common stock for $$13$ per share.

Dec. $15$ Declared a cash dividend on outstanding shares of $$2\mathrm{.}30$ per share to stockholders of record on December $31.$

$($a$)$

Prepare the entries on each of the three dates that involved dividends. $($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit inntries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

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List of Accounts