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Revise your calculations based the new information provided below and then answer the questions that...

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Accounting

Revise your calculations based the new information provided below and then answer the questions that follow.

Beginning number of shares issued 532,000
Additional shares issued during the year 132,000
Beginning treasury shares 52,000
Portion of treasury shares resold 10 %
Dividends per share $ 0.20
Beginning retained earnings $ 560,000
Net income for the year $ 410,000

Required: 1. Calculate the number of outstanding shares of common stock: (Amounts to be deducted should be indicated by a minus sign.)

image2. Prepare the journal entries to record the dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

image

Required: 1. Calculate the number of outstanding shares of common stock: (Amounts to be deducted should be indicated by a minus sign.) Journal entry worksheet Record the entry on the declaration date for the dividends to be paid on the common shares outstanding. Note: Enter debits before credits

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