On january 1 chevon corporation had 98000 sharesnbspnbspof

Reference no: EM13585641

On January 1, Chevon Corporation had 98,000 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 25,000 additional shares of common stock for $17 per share.
June 15		Declared a cash dividend of $1 per share to stockholders of record on June 30.
July 10		Paid the $1 cash dividend.
Dec. 1		Issued 2,000 additional shares of common stock for $19 per share.
15		Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31.

Prepare the entries, if any, on each of the three dividend dates. Image text transcribed for accessibility On January 1, Chevon Corporation had 98,000 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. Issued 25,000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,000 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. Prepare the entries, if any, on each of the three dividend dates.

Reference no: EM13585641

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