Business, 13.05.2021 17:50, sanchezp0821
Exercise 11-13 On January 1, Windsor, Inc. had 92,500 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 28,500 additional shares of common stock for $16 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 1,500 additional shares of common stock for $18 per share.
15 Declared a cash dividend on outstanding shares of $3.20 per share to stockholders of record on December 31.
Prepare the entries, on each of the three dividend dates.
Answers: 2
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Exercise 11-13 On January 1, Windsor, Inc. had 92,500 shares of no-par common stock issued and outst...
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