Business, 02.04.2021 18:50 goofy44

On January 1, Sheridan Company had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 23,000 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 1,500 additional shares of common stock for $19 per share.
15 Declared a cash dividend on outstanding shares of $2.90 per share to stockholders of record on December 31.

Required:
Prepare the entries to record these transactions.

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On January 1, Sheridan Company had 97,500 shares of no-par common stock issued and outstanding. The...

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