Question

Your answer is partially correct. Try again. On January 1, Whispering Winds Corp. had 62,600 shares of no par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions Occurred. Apr. 1 Issued 16,650 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.55 per share to stockholders of record on June 30 July 10 Paid the $1.55 cash dividend. Dec. 1 Issued 7,400 additional shares of common stock for $11 per share Dec. 15 Declared a cash dividend on outstanding shares of $1.65 per Share to stockholders of record on December 31 Prepare a tabular summary to record the three dates that involved dividends. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced. Round answers to decimal places, e.g. 5,276.) Assets Liabilities Paid-in-Capital Stockholders' Equity Retained Earnings Revenue Expense Cash Dividend Payable Dividend June 15 J 216,450 -25,807.75 July 10 Dec. 15 | 190,642.25 259,832.25 12,210

Answer 1

June 15 Dividends	122838	=(62600+16650)*1.55
Dec 15 Dividends	142973	=(62600+16650+7400)*1.65
	Assets	Liabilities	Stockholders' Equity
			Paid in Capital	Retained earnings
	Cash	Dividends payable		Revenue	Expense	Dividend
June 15		122838				-122838
July 10	-122838	-122838
Dec. 15		142973				-142973