I keep eting this questhion wrong. I cant figure out the debit and credits, can

Question

I keep eting this questhion wrong. I cant figure out the debit and credits, can i get the ancwers? thanks

Portal X CSecure https://edugen.wileyplus.com/ed Kimmel, Financial Accounting, 8e CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT Your answer is partially correct. Try again. On January 1, Blue Spruce Corp. had 63,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following Apr. 1 Issued 19,800 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.65 per share to stockholders of record on June 30 July 10 Paid the $1.65 cash dividend. Dec. Issued 8,800 additional shares of common stock for $11 per share Dec. 15 Declared a cash dividend on outstanding shares of $1.85 per share to stockholders of record on December 31 (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 1,225.) Question Date Account Titles and Explanation Credit June 15 ? sh Dividends 136620 Question 15 136620 July 10 Dividends Payabla 136620 Question 1 136620 Dec. 15 ? sh Dividends 169460 Dividends Payable 169460 842 PM O Type here to search 4/27/20186

Explanation / Answer

Jun-15 Cash dividends (63,300+19,800)*$1.65) $ 137,115 Dividend payable $ 137,115 Jul-10 Dividend payable $ 137,115 Cash $ 137,115 Dec-15 Cash dividends (63,300+19,800+8,800)*$1.85) $ 170,015 Dividend payable $ 170,015

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