2024 – E11 13 On January 1 Guillen Corporation had 95 000 shares of no par common stock issued and
On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and – 2024
E11-13.On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 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.
Instructions
a) Prepare the entries, if any, on each of the three dividend dates.
b) How are dividends and dividends payable reported in the financial statements prepared at December 31?
Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
