ds and E11-6 On January 1, Graves Corporation had 60,000 shares of no-par common stock...
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ds and E11-6 On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding The stock has a stated value of S4 per share Daing the year, the following transactions occurred Apr. 1 Issued 9,000 additional shares of common stock for $11 per share June IS Declared a cash dividend of Si so 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 15 Declared a cash dividend on outstandang shares of $1.60 per share to stockholders of tecord on December 31 (a) Prepare the entries, if any, on each of the three dates that involved div b) How are dividends and davidends payable reported in the finncial statements prepared at
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