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The artickes of incorporation of Crane Airfines Co authorized 5 million comicon shares, The compary...

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Accounting

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The artickes of incorporation of Crane Airfines Co authorized 5 million comicon shares, The compary originally issued : 3.790.000 common shures. Hewner, over the years the compary had repurchased and cancelled 820.000 commen stares. The board declared a $0.50 cash dividend on January 1 and July 1 . The date of record for the dividends is the 15 th of the month, and the shares trade ex: dividend on the 1 ath. The dfividends arepaid on the last diy of the month in which they were dectared. The board of directors also declared a 596 stock dividend on October 31 , and the nurket price on the date of declaration was 513.20 per thare. The stock dividend was distributed on the date of deciaration. Prepare alf of the jourtal entries required to record the above trins actions. ICredit account tities are outsomatically indented when the wnount li entered. Do not indent manialin, if no entry is roquired, seirct "No Entry for the account thies and enter of for the amounti. List all debit entries before crealit entries. Rocond journol entries in the order preiented in the probiem. \begin{tabular}{l} Question 6 \\ \hline Ann 15 \\ \hline \end{tabular} 3.33/10 E

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