(0 complete) Problem 13-8A (similar to) HW Score: 0%, 0 of 10 pts Question Help At January 1, 2018. Crow Corp.'s balance sheet reported the following shareholders' equity: E (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) Required Requirement 1. Record the transactions in the general journal. December 1, 2018. The company declared dividends of $180,000, payable on January 15, 2019, to the shareholders of record on December 31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry 2018 Accounts Debit Credit Dec 1 Choose from any list or enter any number in the input fields and then click Check Answer 10 pants remaining Clear All oblem 13-8A (similar to) Shareholders' equity January 1, 2018. Crow Corp.'s balance sheet reported the following shareholders' equity : (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) equired Shareholders' Equity equirement 1. Record the transactions in the general journal ecember 1 2018. The company declared dividends of $180.000. pavable on January 15 2019. to the share Emil red Required $ 240.000 Contributed capital Preferred shares, $125. cumulative (2 years in arrears). liquidation price of $28, 325.000 shares authorized 40,000 shares issued and outstanding Common shares Class A 25,000 shares authorized and issued and outstanding Class B unlimited number of shares authorized, 165 000 shares issued and outstanding Total contributed capital 127 000 1.650.000 2017.000 400.000 Dec Retained earnings 1. Record the transactions in the general journal 2. Prepare the liability and the shareholders' equity sections of the balance sheet as of the close of business on December 31, 2019 3. Calculate the book value per share of the preferred shares and of the common shares (Class A and Class B combined) on December 31, 2019 4. What was the average price at which the Class A common shares were issued? $ 2.417 000 Total shareholders' equity Print Done Chod Print Done TE 10 parts remaining ENG 10:21 PM 2021-01-30 Type here to search O DI p.'s balance sheet re he shareholders' eq Transactions - X he transactions in 2 sity ransactions in the ger many declared dividen 0 shares issued and 24 nding 2018 Dec. 1 The company declared dividends of $180,000, payable on January 15, 2019, to the shareholders of record on December 31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same. 31 The company reported net income after taxes of $105,000 for the year and then closed the Income Summary account. 2019 Jan. 7 The company sold 18,000 preferred shares at $23.50 per share. 15 The company paid the dividend declared on December 1, 2018. Feb. 14 The company sold 16,000 Class B common shares at $12.00 per share. Dec 2 The company declared dividends of $120,000, payable on January 15, 2020, to the shareholders of record on December 31, 2019. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders 31 The company reported net income after taxes of $170,000 and then closed the Income Summary account. 2020 Jan. 15 Paid the dividend declared on December 2, 2019 12 1.65 shares issued and outstanding 201 40 ansactions in the gene ability and the shareh ess on December 31 book value per share Class B combined) or average price at whil $ 241 PI Print Done Done CICAT AT earch O ENG 10:21 PM 2021-01-3 (0 complete) Problem 13-8A (similar to) HW Score: 0%, 0 of 10 pts Question Help At January 1, 2018. Crow Corp.'s balance sheet reported the following shareholders' equity: E (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) Required Requirement 1. Record the transactions in the general journal. December 1, 2018. The company declared dividends of $180,000, payable on January 15, 2019, to the shareholders of record on December 31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry 2018 Accounts Debit Credit Dec 1 Choose from any list or enter any number in the input fields and then click Check Answer 10 pants remaining Clear All oblem 13-8A (similar to) Shareholders' equity January 1, 2018. Crow Corp.'s balance sheet reported the following shareholders' equity : (Click the icon to view the shareholders' equity as of January 1, 2018.) (Click the icon to view the transactions in 2018, 2019, and 2020.) equired Shareholders' Equity equirement 1. Record the transactions in the general journal ecember 1 2018. The company declared dividends of $180.000. pavable on January 15 2019. to the share Emil red Required $ 240.000 Contributed capital Preferred shares, $125. cumulative (2 years in arrears). liquidation price of $28, 325.000 shares authorized 40,000 shares issued and outstanding Common shares Class A 25,000 shares authorized and issued and outstanding Class B unlimited number of shares authorized, 165 000 shares issued and outstanding Total contributed capital 127 000 1.650.000 2017.000 400.000 Dec Retained earnings 1. Record the transactions in the general journal 2. Prepare the liability and the shareholders' equity sections of the balance sheet as of the close of business on December 31, 2019 3. Calculate the book value per share of the preferred shares and of the common shares (Class A and Class B combined) on December 31, 2019 4. What was the average price at which the Class A common shares were issued? $ 2.417 000 Total shareholders' equity Print Done Chod Print Done TE 10 parts remaining ENG 10:21 PM 2021-01-30 Type here to search O DI p.'s balance sheet re he shareholders' eq Transactions - X he transactions in 2 sity ransactions in the ger many declared dividen 0 shares issued and 24 nding 2018 Dec. 1 The company declared dividends of $180,000, payable on January 15, 2019, to the shareholders of record on December 31. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders. The dividend rate for Class A and Class B shares is the same. 31 The company reported net income after taxes of $105,000 for the year and then closed the Income Summary account. 2019 Jan. 7 The company sold 18,000 preferred shares at $23.50 per share. 15 The company paid the dividend declared on December 1, 2018. Feb. 14 The company sold 16,000 Class B common shares at $12.00 per share. Dec 2 The company declared dividends of $120,000, payable on January 15, 2020, to the shareholders of record on December 31, 2019. Indicate the amount that would be payable to the preferred shareholders and to the common shareholders 31 The company reported net income after taxes of $170,000 and then closed the Income Summary account. 2020 Jan. 15 Paid the dividend declared on December 2, 2019 12 1.65 shares issued and outstanding 201 40 ansactions in the gene ability and the shareh ess on December 31 book value per share Class B combined) or average price at whil $ 241 PI Print Done Done CICAT AT earch O ENG 10:21 PM 2021-01-3