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On January $1,2024,$ Pukalanl Corporation had $87,000$ common shares, recorded at $$591,600,$ and retalned earnings of $$1$ million.

During the year, the following transactlons occurred:

Apr. $2$ Issued $5,100$ common shares at $$20$ per share.

June $15$ Declared a cash dlvidend of $$0\mathrm{.}15$ per share to common shareholders of record on June $30,$ payable on July $10.$

Aug. $21$ Declared a $5\%$ stock dlvidend to common shareholders of record on September $5,$ distrlbutable on September $20.$

The shares were trading for $$22$ a share on August $21,$$$24$ on September $5,$ and $$27$ on September $20.$

Nov. $1$ Issued $3,300$ common shares at $$24$ per share.

Dec. $20$ Declared a cash dividend of $$0\mathrm{.}20$ per share to common shareholders of record on December $31,$ payable on January

$($a$)$ Record the above transactlons for $2024.($List all debit entries before credit entries. Record journal entries in the order presented in the

problem. 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 O for the amounts.$)$

Dividends Declarad

Common Shares

$$

$20407$

NOTE: Please note that I am asking this same question second time because the first expert solution was not accurate $100\%,$ sharing the link as well for your reference, kindly provide each entry which is applicable in this answer Thank you

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