Alequlred informatlon Problem 8-25 (Ago) Commen and preferred stock-15suances and divldends L0 8-1, 8-2. 8-3 Harmenlead Oe Corporation was incorporaned on lanusey t, 207?, and issued the followeng stock tor canh: - 760.000 shares of mo-par commas stack wme autherered, 150,000 shares were iswed on Jenusy t 2002, an \$1e,00 per stare. - 200,000 shaves of $90 par val-4, 9090 cumulative, preleved shoek were authorlaco, 74,000 chares were issued en January 12002 , at 3159 per share. - Net moone for the year ended December 34, 2022 and 2023 was 51220.900 and 12.630,000 mapectivey - No dvidends were dectued or peld ourne 2022. Howenet on December 22, 2023, Fwe boerd of drectors af 2024 Problem 825 (Algo) Part a - Horirontal Model Required: 4. Use the noricortal modei for the isuboce of conton shock and preferred shock on jancary 1,2022 . Indicale the fermeial swatement ekect. 3. Ute the norisorai model tor the pormebt of cbeends on februay th 2024 . indeale the fronolal statemert efloct. Gimplete this evestion by entering your monusees in the tabs belaw. Aequlied Information Problem 8-25 (Algo) Common and preferred stock-lssuances and divldends 20 8-1, 8-2, 8-3 (The fochowing information apples to the quesbons dipliged below? Homesteed Ol Corpocation was incorpoealed en Jenuary 1, 2022 and hused the folcweng stock for cashe + 760,000 shares of no-par common stock were authertzed, 150,000 shares were hsued on danumy 1.2022, at 5.k. 00 per thace. - 200,000 thares of 590 par vaiue, 9.005 cunulatve, pruferted abock were suthoruned 74,000 sheres were fwotd on January 1, 2082, at 5150 per ahare. - Net lncome for the years ended December 34, 2022 and 2023 was $1,220,000 and $2.630000, fespectivey. - No dtvidends were deciared or pald turing 2022 . However, on Decomber 27,2023 , the board of clrectors of 2024 Problem 825 (Algo) Part a - Horizontal Model Aequired: efiect. 2. Use the harzamid modei for the dicisianion af didiends on Docember 27, 2023, wilcate the Anencia watement effect: Cemplete this cuestion by enterkng rour answers in the rabs below. Mequlred informetion Problem 8-25 (Algo) Common and preferred stock-lssuances and dividends LO 8-1, 8-2, 8-3 (The following information apples to the cuestions displayed below) Homesteod Oe Corporahice was incorpocated on Jaruacy 1, 2022, and istoed the following stock for caste: - 360,000 sharis of no-per common stock were authorined, 150.000 shares were issued on Jahuary 1, 2022, at \$16.00 per share - 200000 shars el 390 par value, 9000 cumuletve, preferred stock were authorized, 74.000 whares were isacti on Jariuary t,2022, at 1150 per thare. + Net lncome for the years ended December 31,2022 and 2023 wes $1,220000 and 52.530,000, 103pectively . No diblends were bechared or peid during 2022. However, on December 21. 2023 , the bosard of dipectors of 2024 Problem 8.25 (Algo) Part a - Horizontal Model Aeculred: 1. Uve the horiborital model for the asuance of cominan stock and prefered slock an January t, 2022 inificate the francial statement eftect. 2. Use the horubntai model for the docid ration of alidends on Becember 22.2023 ind cake the thanoal simement ettect. Complete this question by entering your ankwers in the tabs balew. Prepare the Journal entries to record each of the below transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. The issuance of common stock and preferred stock on January 1,2022. 2. The declaration of dividends on December 27,2023. 3. The payment of dividends on February 11,2024. Journal entry worksheet Notel Enter debits before credits. Prepare the journal entries to record each of the below transactions. Note: If no entry is requlred for a transaction/event, melect "No journal entry required" in the first account field. 1. The Issuance of common stock and preferred stock on January 1,2022 . 2. The declaration of dividends on December 27, 2023. 3. The payment of dividends on February 11,2024. Journal entry worksheet Record the deciaration of dividends. Fote: Enter debils before aredits. Prepare the journal entries to record each of the below transactions. Note: If no entry is requilred for a transaction/event, select "No journal entry required" in the first aceount field. 1. The issuance of common stock and preferred stock on January 1, 2022. 2. The declaration of dividends on December 27, 2023. 3. The payment of dividends on February 11, 2024. Journal entry worksheet Recerd the payment of dividends: Notat Enter \& eata botere omdes. Alequlred informatlon Problem 8-25 (Ago) Commen and preferred stock-15suances and divldends L0 8-1, 8-2. 8-3 Harmenlead Oe Corporation was incorporaned on lanusey t, 207?, and issued the followeng stock tor canh: - 760.000 shares of mo-par commas stack wme autherered, 150,000 shares were iswed on Jenusy t 2002, an \$1e,00 per stare. - 200,000 shaves of $90 par val-4, 9090 cumulative, preleved shoek were authorlaco, 74,000 chares were issued en January 12002 , at 3159 per share. - Net moone for the year ended December 34, 2022 and 2023 was 51220.900 and 12.630,000 mapectivey - No dvidends were dectued or peld ourne 2022. Howenet on December 22, 2023, Fwe boerd of drectors af 2024 Problem 825 (Algo) Part a - Horirontal Model Required: 4. Use the noricortal modei for the isuboce of conton shock and preferred shock on jancary 1,2022 . Indicale the fermeial swatement ekect. 3. Ute the norisorai model tor the pormebt of cbeends on februay th 2024 . indeale the fronolal statemert efloct. Gimplete this evestion by entering your monusees in the tabs belaw. Aequlied Information Problem 8-25 (Algo) Common and preferred stock-lssuances and divldends 20 8-1, 8-2, 8-3 (The fochowing information apples to the quesbons dipliged below? Homesteed Ol Corpocation was incorpoealed en Jenuary 1, 2022 and hused the folcweng stock for cashe + 760,000 shares of no-par common stock were authertzed, 150,000 shares were hsued on danumy 1.2022, at 5.k. 00 per thace. - 200,000 thares of 590 par vaiue, 9.005 cunulatve, pruferted abock were suthoruned 74,000 sheres were fwotd on January 1, 2082, at 5150 per ahare. - Net lncome for the years ended December 34, 2022 and 2023 was $1,220,000 and $2.630000, fespectivey. - No dtvidends were deciared or pald turing 2022 . However, on Decomber 27,2023 , the board of clrectors of 2024 Problem 825 (Algo) Part a - Horizontal Model Aequired: efiect. 2. Use the harzamid modei for the dicisianion af didiends on Docember 27, 2023, wilcate the Anencia watement effect: Cemplete this cuestion by enterkng rour answers in the rabs below. Mequlred informetion Problem 8-25 (Algo) Common and preferred stock-lssuances and dividends LO 8-1, 8-2, 8-3 (The following information apples to the cuestions displayed below) Homesteod Oe Corporahice was incorpocated on Jaruacy 1, 2022, and istoed the following stock for caste: - 360,000 sharis of no-per common stock were authorined, 150.000 shares were issued on Jahuary 1, 2022, at \$16.00 per share - 200000 shars el 390 par value, 9000 cumuletve, preferred stock were authorized, 74.000 whares were isacti on Jariuary t,2022, at 1150 per thare. + Net lncome for the years ended December 31,2022 and 2023 wes $1,220000 and 52.530,000, 103pectively . No diblends were bechared or peid during 2022. However, on December 21. 2023 , the bosard of dipectors of 2024 Problem 8.25 (Algo) Part a - Horizontal Model Aeculred: 1. Uve the horiborital model for the asuance of cominan stock and prefered slock an January t, 2022 inificate the francial statement eftect. 2. Use the horubntai model for the docid ration of alidends on Becember 22.2023 ind cake the thanoal simement ettect. Complete this question by entering your ankwers in the tabs balew. Prepare the Journal entries to record each of the below transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. The issuance of common stock and preferred stock on January 1,2022. 2. The declaration of dividends on December 27,2023. 3. The payment of dividends on February 11,2024. Journal entry worksheet Notel Enter debits before credits. Prepare the journal entries to record each of the below transactions. Note: If no entry is requlred for a transaction/event, melect "No journal entry required" in the first account field. 1. The Issuance of common stock and preferred stock on January 1,2022 . 2. The declaration of dividends on December 27, 2023. 3. The payment of dividends on February 11,2024. Journal entry worksheet Record the deciaration of dividends. Fote: Enter debils before aredits. Prepare the journal entries to record each of the below transactions. Note: If no entry is requilred for a transaction/event, select "No journal entry required" in the first aceount field. 1. The issuance of common stock and preferred stock on January 1, 2022. 2. The declaration of dividends on December 27, 2023. 3. The payment of dividends on February 11, 2024. Journal entry worksheet Recerd the payment of dividends: Notat Enter \& eata botere omdes