accounting- Guillen Corporation had 97,500 shares of no-par common stock

On
January 1, Guillen 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.

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)

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