P14-1A Driemann Corp. completed the following transactions during the current year: April 18 May 23 June 10

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P14-1A Driemann Corp. completed the following transactions during the current year: April 18 May 23 June 10 July 30 Declared a cash dividend on the 5%, $100 par preferred stock (1,000 shares outstanding). Declared a $0.20 per share dividend on the 100,000 shares of common stock outstanding. The date of record is May 2. and the payment date is May 23. Paid the cash dividends. Split common stock 2 for 1 by calling in the 100.000 shares of $10 par common and issuing new stock in its place. Distributed a 10% stock dividend on the common stock. The market value of the common stock was $15 per share. Oct. 26 Purchased 2,500 shares of the company's own common stock at $14 per share. Nov. 8 Sold 950 shares of treasury common stock for $17 per share. Required Record the transactions in Driemann's general journal.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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