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Prepare the entries on each of the three dates

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Reference no: EM132202288

Question - On January 1, Blue Spruce Corp. had 61,100 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.

Apr. 1 Issued 9,900 additional shares of common stock for $11 per share.

June 15 Declared a cash dividend of $1.70 per share to stockholders of record on June 30.

July 10 Paid the $1.70 cash dividend.

Dec. 1 Issued 4,400 additional shares of common stock for $11 per share.

Dec. 15 Declared a cash dividend on outstanding shares of $2.20 per share to stockholders of record on December 31.

Prepare the entries, if any, on each of the three dates that involved dividends.

Reference no: EM132202288

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