On January 1, Chevon Corporation had 98,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred.
| Apr. 1 |
|
Issued 25,000 additional shares of common stock for $17 per share. |
| June 15 |
|
Declared a cash dividend of $1 per share to stockholders of record on June 30. |
| July 10 |
|
Paid the $1 cash dividend. |
| Dec. 1 |
|
Issued 2,000 additional shares of common stock for $19 per share. |
| 15 |
|
Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. |
Prepare the entries, if any, on each of the three dividend dates. Image text transcribed for accessibility On January 1, Chevon Corporation had 98,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Issued 25,000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2,000 additional shares of common stock for $19 per share. Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31. Prepare the entries, if any, on each of the three dividend dates.