Gradebook ORION ment> Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BAC

Question

Gradebook ORION ment> Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT MENT RESOURCES Exercise 11-6 On January 1, Vanessa Corporation had 60,000 shares of no-par common stock issued and outstandling The stock has a stated value of $4 per share. During the year, the following transactions occurred. 1-2 L Review 11 Apr. 1 Issued 9,000 additional shares of common stock for $11 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 4,000 additional shares of common stock for $12 per share Dec. 15 Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31. ise 11-1 ise 11-9 cise 11-6 Scor ve (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Show All mite-Robbins pd 112

Explanation / Answer

15-Jun Cash Dividends 103500 Dividends payable 103500 (60000+9000)*1.5 10-Jul Dividend payable 103500 Cash 103500 15-Dec Cash diviend 116800 Dividend payable 116800 (69000+4000)*1.6

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