Barb Inc issued 500 common shares in payment of a $1,900 bill from its accountant for assistance in filing its charter. The entry to record this transaction will include

Multiple Choice

• A $1,900 credit to Organization Costs

• A $1,900 debit to Accounting Expense

• A $1,900 debit to Legal Expense

• A $1,900 credit to Common Shares

• A $1,900 debit to Common Shares

• Problem 12-5A Dividend allocation LO5

  Garda World Security Corporation has the following shares, taken from the equity section of its balance sheet dated December 31, 2020.

  Preferred shares, $4.46 non-cumulative,
  43,000 shares authorized and issued*	$	2,752,000
  Common shares,
  78,000 shares authorized and issued*		1,248,000

  *All shares were issued during 2018. During its first three years of operations, Garda World Security Corporation declared and paid total dividends as shown in the last column of the following schedule. Required: Part A 1. Calculate the total dividends paid in each year to the preferred and to the common shareholders.

  2. Calculate the dividends paid per share to both the preferred and the common shares in 2020. (Round the final answers to 2 decimal places.)

  Part B 1. Calculate the total dividends paid in each year to the preferred shares and to the common shareholders assuming preferred shares are cumulative.

  2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)