Question: View Policies Current Attempt in Progress On January 1 . Wildhorse Corporation had 1 0 0 , 0 0 0 shares of no - par

 View Policies Current Attempt in Progress On January 1. Wildhorse Corporation

View Policies
Current Attempt in Progress
On January 1. Wildhorse Corporation had 100,000 shares of no-par common stock issued. 7,200 shares are held as treasury stock. The stock has a stated value of $5 per share. During the year, the following occurred.
Apr. 1 Issued 12,500 additional shares of common stock for $19 per share.
June 15. Dedared a cash dividend of $2 per share to stockholders of record on June 30.
July 10 Paid the $2 cash dividend.
Dec 1 Purchased 7,500 additional shares of common stock for $18 per share.
15 Dedared a cash dividend of $2.20 per share to stackholders of record on December 31.
(a)
Prepare the entries, if any, on each of the three dividend dates. (Record Journal entries in the order presented in the problem. List all debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
had 100,000 shares of no-par common stock issued. 7,200 shares are held

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