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Mercer Corporation Has 200,000 Shares of $10 Stated Value No-Par

Question 73

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Mercer Corporation has 200,000 shares of $10 stated value no-par common stock authorized, and 160,000 shares were outstanding during 2009. The following transactions relate to cash dividends of Mercer Corporation for the year ended December 31, 2009. Prepare entries in journal form without explanations to record the following transactions:
Mercer Corporation has 200,000 shares of $10 stated value no-par common stock authorized, and 160,000 shares were outstanding during 2009. The following transactions relate to cash dividends of Mercer Corporation for the year ended December 31, 2009. Prepare entries in journal form without explanations to record the following transactions: Mercer Corporation has 200,000 shares of $10 stated value no-par common stock authorized, and 160,000 shares were outstanding during 2009. The following transactions relate to cash dividends of Mercer Corporation for the year ended December 31, 2009. Prepare entries in journal form without explanations to record the following transactions:

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