(Solved): On January 1, Sunland Corporation had 95,500 shares of no-par common stock issued and outstanding. T ...

On January 1, Sunland Corporation had 95,500 shares of no-par common stock issued and outstanding. The stock has a stated value of

per share. During the year, the following occurred. Apr. 1 Issued 26,000 additional shares of common stock for

per share. June 15 Declared a cash dividend of

per share to stockholders of record on June 30. July 10 Paid the

cash dividend. Dec. 1 Issued 2,500 additional shares of common stock for

per share. 15 Declared a cash dividend on outstanding shares of

per share to stockholders of record on December 31. (a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Tittes and Explanation