Question : 204.Mercer Corporation has 200,000 shares of $10 stated value no-par : 1244183
204.Mercer Corporation has 200,000 shares of $10 stated value no-par common stock authorized, and 160,000 shares were outstanding during 20×7. The following transactions relate to cash dividends of Mercer Corporation for the year ended December 31, 20×7. Prepare entries in journal form without explanations to record the following transactions: June 1 Declared a semiannual cash dividend of $0.50 per common share. […]