9.

Assume Restacres Wireless Inc. completed the following selected transactions during the year 2020: Click the icon to view the transactions.) Required Record the transactions in the general journal May 19. Declared a cash dividend on the S10.50 preferred sharos (4,000 shares outstanding). Declared a $2.40 per share cash dividend on the 150,000 common shares outstanding. The date of record was June 2, and the payment date was June 25. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Credit Debit May 19 June 25. Paid the cash dividends. Journal Entry Date Accounts Debit Credit Jun 25 July 7. Split the company's 150,000 common shares 2 for 1 one new common share was issued for each old share held July 7. Split the company's 150.000 common shares 2 for 1 one new common share was issued for each old share held Distributed one new common share for each old share previously outstanding, making common shares issued August 29. Declared a 15 percent stock dividend on the common shares to holders of record on September 8, with distribution set for September 19. The market value was $40.50 per common share Journal Entry Date Accounts Debit Credit Aug 29 September 19. issued the stock dividend shares. Journal Entry Accounts Date Debit Credit Seu 19 to the next question November 6. Repurchased 5.200 shares of the company's own common shares at $42.00 per share. They had an average issue price of $31.00 per share. Journal Entry Date Accounts Debit Credit Noy 6 i Transactions errel nc indin En May 19 Declared a cash dividend on the $10.50 preferred shares (4,000 shares outstanding). Declared a $2.40 per share cash dividend on the 150,000 common shares outstanding. The date of record was June 2, and the payment date was June 25. Jun. 25 Paid the cash dividends. Jul. 7 Split the company's 150,000 common shares 2 for 1; one new common share was issued for each old share held. Aug 29 Declared a 15 percent stock dividend on the common shares to holders of record on September 8, with distribution set for September 19. The market value was $40.50 per common share. Sep. 19 Issued the stock dividend shares. Nov. 6 Repurchased 5,200 shares of the company's own common shares at $42.00 per share. They had an average issue price of $31.00 per share. al En Print Done Assume Restacres Wireless Inc. completed the following selected transactions during the year 2020: Click the icon to view the transactions.) Required Record the transactions in the general journal May 19. Declared a cash dividend on the S10.50 preferred sharos (4,000 shares outstanding). Declared a $2.40 per share cash dividend on the 150,000 common shares outstanding. The date of record was June 2, and the payment date was June 25. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Credit Debit May 19 June 25. Paid the cash dividends. Journal Entry Date Accounts Debit Credit Jun 25 July 7. Split the company's 150,000 common shares 2 for 1 one new common share was issued for each old share held July 7. Split the company's 150.000 common shares 2 for 1 one new common share was issued for each old share held Distributed one new common share for each old share previously outstanding, making common shares issued August 29. Declared a 15 percent stock dividend on the common shares to holders of record on September 8, with distribution set for September 19. The market value was $40.50 per common share Journal Entry Date Accounts Debit Credit Aug 29 September 19. issued the stock dividend shares. Journal Entry Accounts Date Debit Credit Seu 19 to the next question November 6. Repurchased 5.200 shares of the company's own common shares at $42.00 per share. They had an average issue price of $31.00 per share. Journal Entry Date Accounts Debit Credit Noy 6 i Transactions errel nc indin En May 19 Declared a cash dividend on the $10.50 preferred shares (4,000 shares outstanding). Declared a $2.40 per share cash dividend on the 150,000 common shares outstanding. The date of record was June 2, and the payment date was June 25. Jun. 25 Paid the cash dividends. Jul. 7 Split the company's 150,000 common shares 2 for 1; one new common share was issued for each old share held. Aug 29 Declared a 15 percent stock dividend on the common shares to holders of record on September 8, with distribution set for September 19. The market value was $40.50 per common share. Sep. 19 Issued the stock dividend shares. Nov. 6 Repurchased 5,200 shares of the company's own common shares at $42.00 per share. They had an average issue price of $31.00 per share. al En Print Done