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(10) Driemann Corp. completed the following transactions during the current year: April 18 Declared a cash dividend on the 5%, $100 par preferred stock (1,000
(10) Driemann Corp. completed the following transactions during the current year: April 18 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. May 23 Paid the cash dividends. June 10 Split common stock 2 for 1 by calling in the 100,000 shares of $10 par common and issuing new stock in its place. July 30 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. equired -- Record the transactions in Driemann's general journal
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