Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, blue spruce corp. had 63,300 shares

On January 1, Blue Spruce Corp. had 63,300 shares of no-par common stock issued and...

70.2K

Verified Solution

Question

Accounting

On January 1, Blue Spruce Corp. had 63,300 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 19,800 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.65 per share to stockholders of record on June 30. July 10 Paid the $1.65 cash dividend. Dec. 1 Issued 8,800 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.85 per share to stockholders of record on December 31. (a) Prepare the entries, if any, on each of the three dates that involved dividends.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Sales-Related and Purchase-Related Transactions for Seller andBuyer Using Perpetual Inventory SystemThe following selected transactions...Sales-Related...

Statistics
1.2K views

Student # Gender Height Shoe Age Hand 1 F 68 8.5 20 R 2 F 60 5.5 27 R 3 F 64 7 31 R 4 F 67 7.5 19 R 5 F 65 8 20 R 6 F 66 9 29 R 7 F 62 9.5 30 L 8 F 63 8.5 18 R 9 F 60 5 19 L 10 F 63 7.5 42 R 11 F 61 7 20 R 12 F 64 7.5 17 R 13 F 65 8 19 R 14 F 68 8 19 R 15 F 63 7.5 18 R 16 F 62 7.5 19 R 17 F 64 7 23 R 18 F 72 11 28 R 19 F 62 8 20 R 20 F 59 6.5 29 R 21 F 64 8.5 19 R 22 F 68 9.5 23 R 23 F 65 9.5 34 R 24 F 63 8 27 R 25 F 65 8 23 R 26 F 62 7.5 30 R 27 F 67 7.5 31 L 28 F 66 9 37 R 29 F 61 6 24 R 30 F 61 6.5 46 R 31 F 68 8 20 R 32 F 63 7.5 42 R 33 F 63 5.5 33 R 34 F 58 5 20 R 35 F 65 8 44 R 36 F 69 9 28 R 37 F 68 9 20 R 38 F 63 7 49 R 39 F 62 6.5 19 R 40 F 66 7.5 19 R 41 F 69 7.5 55 R 42 F 69 11 40 R 43 F 63 6.5 19 R 44 F 61 7.5 20 R 45 F 68 9 19 R 46 F 65 9 25 R 47 F 62 7 31 R 2. Using the SCC men’s/women’s class sample data at the ?=0.05, is there enough evidence...

Physics
1.2K views

In a colliding beam storage ring an antiproton going east passes a proton going west, the...

Physics
1.2K views

A solenoidal coil with 28 turns of wire is wound tightly around another coil with 320...

Electrical Engineering
1.2K views

Can you please type a short summary on what is LTE AND 5G? and their differences?

Physics
1.2K views

A material B has twice the specific resistance of A A circular wire made of...

Geometry
1.2K views

6 In the given diagram determine the sum of a and b Tisda St BOVI...

Accounting
1.2K views

FIFO Perpetual Inventory The...

Accounting
1.2K views

The beginning inventory for Midnight Supplies and data on purchases and sales for a three...

Accounting
1.2K views

E7-5(Algo) Calculating Ending Inventory and Cost of Goods Sold Under FIFO, LIFO, and Average Cost...

Finance
1.2K views

4. is the typical spot delivery date for FX: a. Same day b. 2 days...

Accounting
1.2K views

! Required information Convers Corporation (calendar year-end) acquired the following assets during ...