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cored 2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par

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cored 2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par 1,000 shares of 4 %, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000 shares of 4 %, $50 par preferred stock at $55. Journalize the entries to record the April 10, May 5, and May 25 transactions. Apra 10t Cosh (1,000x5) 275, ooo Common Stock 2 15000 May 5th Cash ooox50) 41 50,000 Pre ferred stocke 50,000 Cash (i5000x 5s) 4-7 preferred stok (15 poo x50) May 25 $ga5,000 7 50,000 3. Sabas Company has 20,000 shares of $100 par, 2 % cumulative preferred stock and 100,000 shares of $50 ped aara Paok 15 p0ox5 750,000 3. Sabas Company has 20,000 shares of $100 par, 2 % cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for each year. 4. The dates of importance in connection with a cash dividend of $50,000 on a corporation's common stock are January 15, February 15, and March 15. Journalize the entries required on each date. 5 The following transactions took place for the XYZ Corporation: November 12-Declared a total cash dividend of $45,000 for stockholders of record November 20 payable on December 1. Record the journal entries required by these events. Briefly describe the significance of November 20

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