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4) Delilah Corporation reports the following transactions for 2013: Jan. 11 Feb. 20 Oct. 13 Sold 6,000 shares of $3.50, noncumulative, preferred shares for $75
4) Delilah Corporation reports the following transactions for 2013: Jan. 11 Feb. 20 Oct. 13 Sold 6,000 shares of $3.50, noncumulative, preferred shares for $75 per share. Sold 30,000 common shares for $11 per share. Declared a 10% stock dividend on the common shares. The current market price of the common shares is $14 per share. Sampson Corporation has 100,000 common shares outstanding on October 13. Distributed the stock dividend declared on October 13. Declared the annual dividend required on the preferred shares and a $0.50 per share dividend on the common shares. Sampson Corporation currently has 20,000 preferred shares outstanding. Nov. 16 Dec. 16 Prepare journal entries for the above transactions
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