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1)39 $1000 bonds with a carrying value of $48600 are converted into 4000 shares of $5 par value common stock. The common stock had a

1)39 $1000 bonds with a carrying value of $48600 are converted into 4000 shares of $5 par value common stock. The common stock had a market value of $9 per share on the date of conversion. The entry to record the conversion is

Bonds Payable 48600
Common Stock 20000
Paid-in Capital in Excess of Par 28600
Bonds Payable 48600
Common Stock 36000
Paid-in Capital in Excess of Par 12600
Bonds Payable 39000
Premium on Bonds Payable 9600
Common Stock 20000
Paid-in Capital in Excess of Par 28600
Bonds Payable 39000
Premium on Bonds Payable 9600
Common Stock 39000
Paid-in Capital in Excess of Par 9600

2)Coronado Corporation makes a short-term investment in 160 shares of Wildhorse Companys common stock. The stock is purchased for $53 a share. The entry for the purchase is

Stock Investments 8480
Cash 8480
Stock Investments 7987
Cash 7987
Stock Investments 8000
Cash 8000
Debt Investments 8480
Cash 8480

3)

Coronado, Inc. has 3500 shares of 4%, $50 par value, cumulative preferred stock and 70000 shares of $1 par value common stock outstanding at December 31, 2019. The board of directors declared and paid a $2700 dividend in 2019. In 2020, $18900 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020?

Preferred Common

$9450 $9450
$11300 $7600
$7600 $11300
$7000 $11900

4)

Marigold, Inc. has 11200 shares of 5%, $100 par value, noncumulative preferred stock and 224000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $64200 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?

$0

$8200

$64200

$56000

(you dont need to show work just answer them)

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