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On January 1, Cheyenne Corp. had 97,500 shares of no-par common stock issued and outstanding....

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Accounting

On January 1, Cheyenne Corp. 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 29,500 additional shares of common stock for $18 per share.
June 15 Declared a cash dividend of $2 per share to stockholders of record on June 30.
July 10 Paid the $2 cash dividend.
Dec. 1 Issued 3,000 additional shares of common stock for $18 per share.
15 Declared a cash dividend on outstanding shares of $1.50 per share to stockholders of record on December 31.

(a) Prepare the entries, on each of the three dividend dates.

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