Question

On January 1, Oriole Corporation 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: - April 1: Issued 29,500 additional shares of common stock for $19 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. - December 1: Issued 1,000 additional shares of common stock for $18 per share. - December 15: Declared a cash dividend on outstanding shares of $4.90 per share to stockholders of record on December 31. (a) Prepare the entries to record these transactions.

          On January 1, Oriole Corporation 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: 
- April 1: Issued 29,500 additional shares of common stock for $19 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.
- December 1: Issued 1,000 additional shares of common stock for $18 per share.
- December 15: Declared a cash dividend on outstanding shares of $4.90 per share to stockholders of record on December 31.

(a) Prepare the entries to record these transactions.

Added by Jeffrey B.

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