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Bonita Industries was organized on January 1, 2021. During its firstyear, the corporation issued 2.100 shares of $50 par value preferred stock and 125.000 shares
Bonita Industries was organized on January 1, 2021. During its firstyear, the corporation issued 2.100 shares of $50 par value preferred stock and 125.000 shares of 510 par value common stock. At December 31, the company declared the following cash dividends: 2021. $6.000, 2022. $13.900; and 2023, 527,000 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. (Do not leave any answer field blank. Enter for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock $ e Textbook and Media List of Accounts Question Part Score --/1.66 Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 8% and cumulative. (Do not leave any answer field blank. Enter for amounts) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock $ Textbook and Media List of Accounts Question Part Score --/167 Journalize the declaration of the cash dividenda December 31, 2023. under partblCredit accountiese automatically Indented when amounts entered. Do not identially no entry is med select "No Entry for the accounts and enter for the amounts: Debit Date Account Titles and Explanation Dec 31 Credit
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