Reference no: EM132480987
On Jan 1, 2017 PT Bro had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred.
Point 1: April 1 Issued 10,000 additional shares of common stock for $11 per share.
Point 2: June 15 Declared a cash dividend of $1,50 per share to stockholders of record on June 30
Point 3: July 10 Paid the $1.50 cash dividend.
Point 4: December 1 Issued 5,000 additional shares of common stock for $12 per share,
Point 5: December 15 Declared a cash dividend on outstanding shares of $1.75 per share to stockholders of record on December 31
Required:
Question 1: Record/journalize all transactions above.
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