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Carlyon Company listed the following items in its December 3 1 , 2 0 1 8 , financial statements: Investment in Man Company bonds $
Carlyon Company listed the following items in its December financial statements: Investment in Man Company bonds $ Dividends payable: preferred Dividends payable: common Preferred stock, $ par Common stock, $ par Additional paidin capital on preferred stock Additional paidin capital on common stock Retained earnings During the following transactions occurred: Feb. Paid the semiannual dividends declared on December Mar. Declared a property dividend, payable to common shareholders on April in Man Company bonds being held to maturity. The bonds which have a book value of $ have a current market value of $ Apr. Paid the property dividend. July Declared a $ per share semiannual cash dividend on preferred stock and a $ per share semiannual dividend on common stock, to be paid on August Aug. Paid the cash dividends. Oct. Declared a stock dividend on common stock to be issued on December The current market price is $ per share. Dec. Issued the stock dividend. Declared a $ and $ per share semiannual cash dividend on preferred and common stock, respectively, to be paid on February Required: Next Level Prepare journal entries to record the preceding transactions.
Carlyon Company listed the following items in its December financial statements:
Investment in Man Company bonds $
Dividends payable: preferred
Dividends payable: common
Preferred stock, $ par
Common stock, $ par
Additional paidin capital on preferred stock
Additional paidin capital on common stock
Retained earnings
During the following transactions occurred:
Feb. Paid the semiannual dividends declared on December
Mar. Declared a property dividend, payable to common shareholders on April in Man Company bonds being held to maturity. The bonds which have a book value of $ have a current market value of $
Apr. Paid the property dividend.
July Declared a $ per share semiannual cash dividend on preferred stock and a $ per share semiannual dividend on common stock, to be paid on August
Aug. Paid the cash dividends.
Oct. Declared a stock dividend on common stock to be issued on December The current market price is $ per share.
Dec. Issued the stock dividend.
Declared a $ and $ per share semiannual cash dividend on preferred and common stock, respectively, to be paid on February
Required:
Next Level Prepare journal entries to record the preceding transactions.
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