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Dividends payable to the preferred shareholders: 39,015 Dividends payable to the common shareholders: 25,245 please solve this question if you cant solve the other one,
Dividends payable to the preferred shareholders: 39,015 Dividends payable to the common shareholders: 25,245 please solve this question if you cant solve the other one, thanks Pharoah Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2021 year end: 1 2. 3. 4 5. Earned $551.500 of service revenue and incurred $464,000 of operating expenses. Interest expense was $2,700. On October 5, 2020, paid $49,600 of dividends that had been declared on September 25, 2020 On September 28, 2021, declared $40,400 of dividends payable on October 8, 2021. Retained earnings on September 30, 2020, were $227,000 Issued common shares for $22,900 cash on July 2, 2021. Pharoah Ltd. has a September 30 fiscal year end and a 15% income tax rate. The following information is available for its 2021 year end: 1 2 3. Earned $551,500 of service revenue and incurred $464,000 of operating expenses. Interest expense was $2,700. On October 5, 2020, paid $49,600 of dividends that had been declared on September 25, 2020. On September 28, 2021, declared $40,400 of dividends payable on October 8, 2021. Retained earnings on September 30, 2020, were $227,000 Issued common shares for $22,900 cash on July 2, 2021. 4 5. Tamarisk Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $5 cumulative preferred shares. On December 31, 2021, there were 32,500 common and 1,600 preferred shares issued. The common shares had been issued at an average per share amount of $10; the preferred shares at $105. The balance in the Retained Earnings account on January 1, 2021, was $292,500. During 2021, the company had profit of $118,000 and declared a total of $76,000 of dividends, of which $57,000 was paid during the year. Prepare the shareholders' equity section of the balance sheet on December 31, 2021. TAMARISK LIMITED Balance Sheet (Partial)
Dividends payable to the preferred shareholders: 39,015
Dividends payable to the common shareholders:
25,245
please solve this question if you cant solve the other one, thanks
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