At January 1, 2023, Pharoah Ltd. had 452000 common shares outstanding (no preferred shares issued). During...

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At January 1, 2023, Pharoah Ltd. had 452000 common shares outstanding (no preferred shares issued). During 2023, Pharoah issued 63000 shares on May 1, purchased 39000 treasury shares on September 1, and issued 45000 more shares on November 1. The weighted average of common shares outstanding for 2023 is On January 1, 2023, Crane Ltd. issued $2130000, 5% bonds, which mature on January 1, 2030. The bonds were issued for $2257848 to yield 4%. Crane uses the effective interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2023, the adjusted balance in the Bonds Payable account should be Blue Spruce Magazine sold 15,200 annual subscriptions on August 1, 2023, for $15 each. Prepare Blue Spruce's August 1, 2023 journal entry and the December 31, 2023 annual adjusting entry, assuming the magazines are published and delivered monthly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sandhill Ltd. reported net income of $5297000 for 2023, and earnings per share of $5. Included in the net income was $763000 of bond interest expense related to its long-term debt. The income tax rate for 2023 was 30%. Dividends paid on preferred shares was $1008000. The payout ratio on common shares was 20%. What were the dividends paid on common shares in 2023? $1059400 $857800 $962632 $1312800 At January 1, 2023, Pharoah Ltd. had 452000 common shares outstanding (no preferred shares issued). During 2023, Pharoah issued 63000 shares on May 1, purchased 39000 treasury shares on September 1, and issued 45000 more shares on November 1. The weighted average of common shares outstanding for 2023 is On January 1, 2023, Crane Ltd. issued $2130000, 5% bonds, which mature on January 1, 2030. The bonds were issued for $2257848 to yield 4%. Crane uses the effective interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2023, the adjusted balance in the Bonds Payable account should be Blue Spruce Magazine sold 15,200 annual subscriptions on August 1, 2023, for $15 each. Prepare Blue Spruce's August 1, 2023 journal entry and the December 31, 2023 annual adjusting entry, assuming the magazines are published and delivered monthly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sandhill Ltd. reported net income of $5297000 for 2023, and earnings per share of $5. Included in the net income was $763000 of bond interest expense related to its long-term debt. The income tax rate for 2023 was 30%. Dividends paid on preferred shares was $1008000. The payout ratio on common shares was 20%. What were the dividends paid on common shares in 2023? $1059400 $857800 $962632 $1312800