On January 1 Weiss Corporation had 75,000 shares of Common stock issued and outstanding. The...
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Accounting
On January 1 Weiss Corporation had 75,000 shares of Common stock issued and outstanding. The stock has a par value of $5 per share. During the year, the following transactions occurred.
Apr. 1 Issued 5,000 additional shares of common stock for$11 per share.
June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
July 10 Paid the $1.50 Cash dividend.
Dec 1 Issued 3,000 additional shares of common stock for $13 per share.
Dec 15 Declared a cash dividend on outstanding shares of $1.80 per share to stockholders of record on December 31.
Instructions:
Journalize the transactions
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