Acc557 Financial Accounting: E11-13 On January 1, Guillen Corporation had 95,000 shares

Acc557 Financial Accounting

E11-13. 
On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred.
Apr. 1 Issued 25,000 additional shares of common stock for $17 per share.
Jun 15 Declared a cash dividend of $1 per share to stockholders of record on June 30.
July 10 Paid the $1 cash dividend.
Dec 1. Issued 2,000 additional shares of common stock for $19 per share.
Dec 15. Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31.

Instruction:
a) Prepare the entries, if any, on each of the three dividend dates.
b) How are dividends and dividends payable reported in the financial statements prepared at December 31?
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