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Prepare the entries on june and july

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Question - On January 1, Chreesh Corporation had 90,400 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 22,400 additional shares of common stock for $18 per share.

June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30.

July 10 Paid the $3 cash dividend.

Dec. 1 Issued 2,100 additional shares of common stock for $19 per share.

Dec. 15 Declared a cash dividend on outstanding shares of $1.40 per share to stockholders of record on December 31.

Prepare the entries on the three dividend dates: June 15, July 10, December 15.

Reference no: EM132025660

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