Question - On January 1, Chreesh Corporation had 90,400 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 22,400 additional shares of common stock for $18 per share.
June 15 Declared a cash dividend of $3 per share to stockholders of record on June 30.
July 10 Paid the $3 cash dividend.
Dec. 1 Issued 2,100 additional shares of common stock for $19 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $1.40 per share to stockholders of record on December 31.
Prepare the entries on the three dividend dates: June 15, July 10, December 15.