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Prepare all the required journal entries

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Problem - On April 15, 2021, Swifty Led. declared a 404 per share cash dividend, payable on May 31 to shareholders of record on May 1. On the date of declaration, Swifty Ltd. had 293,000 common shares outstanding. On May 15, 2021, the company issued an additional 69.000 common shares for $8 each. On May 31, the dividend was paid. On December 15, 2021, Swifty Led. declared a 404 per share cash dividend, payable on January 15, 2022 to shareholders of record on January 2, 2022. Prepare all the required journal entries to record these transactions.

Reference no: EM132909760

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