Answer:
The Journal entries are as follows:
(i) On April 1,
Cash A/c (21,500 × $18) Dr. $387,000
To Additional paid in capital in excess of par $279,500
To common stock (21,500 × $5) $107,500
(To record the additional shares of common stock)
(ii) On June 15,
Cash dividend A/c (111,500 × $3) Dr. $334,500
To dividend payable $334,500
(To record the cash dividend declared)
(iii) On July 10,
Dividend payable A/c Dr. $334,500
To cash A/c $334,500
(To record the dividend paid)
(iv) On December 1,
Cash A/c (1,000 × $19) Dr. $19,000
To Additional paid in capital in excess of par $14,000
To common stock (1,000 × $5) $5,000
(To record the additional shares of common stock)
(v) On December 15,
Cash Dividend A/c (112,500 × $1.9) Dr. $213,750
To Dividend payable $213,750
(To record the cash dividend declared)
