Be clear On January 1, Crane Corporation had 59,000 shares of no-per common stock ised and outstanding. The stock has a stated value of$4 per share. During the year, the following occurredApt.JuncDecal1125Issued 25,500 additional shares of common stock for $17 per hereDeclared a cash dividend of $1 par share to stockholders of rected on June 30Paid the $1 cash dividend.Issued 3,000 additional shares of common stock for $19 per shareDeclared a cash divicand on cutstanding shares of $4.00 par share stockalperstrecordion December 31Prepare the entries to record these transactions. If no entry is required, select "No entry for the accent titles and enter for the amountsRecand journal entries in the order presented in the problems Credit account titles ore automatically indented when amount is teed Do notindent manually)DateAccount Titles and ExplanationDebitCredit Current Attemptin ProgressOn January 2 Clare Corporation had 95,000 shares of nopar common stock issuadend outstanding. The stock has a stated val54 per shara. During the year, the following courtedApr 1June 25July 104Dec.15Issued 21.500 ad bonal shares of common stock for $17 per shareUeclared ash dividende/Sipershare to stockholders of record on June 30.Paid the 51 cash dividendsed 3,000 additional sheres of common stock for $19 pershenDeclaradacach dividend on outstanding shares or $400 per share tostochoiriers of cord on December 31Prepare the entries to rocced these iransactions. If no entry is required, electRecord journal entries in the order presented in the problem Credit acconta nountry for the account tities and enter for the antsbtles are automatically indental when avant is entered On notindent manuallyDateAcxmunt Titles and ExplanationDebitCredit4

The journal entries are the base for the preparation of the various ledger accounts. The…

On January 1, Crane Corporation has 99,000 shares of no-per common stocked and outstanding. The stock has a stated value of 54 per share. During the year, the following occurred Apt 1 June 15 July 10 Dec 1 M Issued 25,500 additional shares of common stock for $17 per there Declarad a cash dividend of 51 per share to stackticidark of rected on 30 Paid the 51 cash dividend sed 3.000 donel shares of common stock to 519 per share Declared a cast divicand on cutstanding shares of $400 par share stockers ofrecordion Demo 31 Prepare the entries to record these transactions to entry is required, select "Ne entry to the antices and enter for the amount Recard journal entries in the order presented in the probi Creditaccount title inted when amount int indent manually) Date Account Titles and Explanation Debit Credit