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Current Attempt in Progress On April 15,2024, Novak Ltd. declared a 50 per share...

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Accounting

Current Attempt in Progress
On April 15,2024, Novak Ltd. declared a 50 per share cash dividend, payable on May 31 to shareholders of record on May 1. On the
date of declaration, Novak Ltd. had 306,000 common shares outstanding. On May 15,2024, the company issued an additional 71,400
common shares for $8 each. On May 31, the dividend was paid. On December 15,2024, Novak Ltd. declared a 50 per share cash
dividend, payable on January 15,2025 to shareholders of record on January 2,2025.
Prepare all the required journal entries to record these transactions. (Credit account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries
before credit entries. Record journal entries in the order presented in the problem.)
Date
Account Titles
Debit
Credit
2024
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