Coronado Corporation has 84,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation eTextbook and Media Debit Credit M. Concord Corporation has 12,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If M. Concord wants to pay $350,000 of dividends in 2022, what amount of dividends will common stockholders receive? Amount of dividend $ Swifty Corporation has 51,000 shares of $10 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Cullumber Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 106,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,600; 2022, $14,400; and 2023, $28,500. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. Allocation to preferred stock $ Allocation to common stock +A $ 2021 EA +A $ 2022 A +A 2023 Cullumber Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 106,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,600; 2022, $14,400; and 2023, $28,500. (a) (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative. Allocation to preferred stock $ Allocation to common stock +A $ 2021 $ $ 2022 A 2023 Cullumber Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 106,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,600; 2022, $14,400; and 2023, $28,500. (a) (b) (c) Journalize the declaration of the cash dividend at December 31, 2023, under part (b). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Dec. 31 Account Titles and Explanation Debit Credit Sage Hill Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid-in capital Common stock, $10 par, 60,000 outstanding $600,000 Paid-in capital in excess of par 160,000 Total paid-in capital $760,000 Retained earnings 160,000 Total stockholder's equity $920,000 On June 30, 2020, the board of directors of Sage Hill Corporation declared a 20% stock dividend, payable on July 31, 2020, to stockholders of record on July 15, 2020. The fair value of Sage Hill Corporation's stock on June 30, 2020, was $14. On December 1, 2020, the board of directors declared a 2 for 1 stock split effective December 15, 2020. Sage Hill Corporation's stock was selling for $20 on December 1, 2020, before the stock split was declared. Par value of the stock was adjusted. Net income for 2020 was $192,000 and there were no cash dividends declared. Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit