Business, 20.10.2021 14:00, andrespacheco5888
On January 1, Riverbed Corp had 62,300 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 15,300 additional shares of common stock for $13 per share.
June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
July 10 Paid the $1.50 cash dividend.
Dec. 1 Issued 6,800 additional shares of common stock for $11 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.
Prepare the entries, if any, on each of the three dates that involved dividends.
Answers: 1
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On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The sto...
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