Dividends Per Share Lightfoot Inc., a software development form, has stock outstanding as follows: 15,000 hares of cumulative weared to sparand 19.000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year $5.700: second year $0.450;thinde $46.370: fourth $71.810 Calculate the dividends per share on each das c ock for each of the four years. Round answers to two decimal places ne dividends are paid in a given year, ante 1st Year 2nd Year Tod Year 4th Year Preferred a n d pershare) Common stock (dividend per share) Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marte contractor parat $11. ed for cash 50,000 shares of $25 par common stock , and on February 27, led for cash 140,000 shares of p redstod. 2. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank in t h e b. what is the total amount invested ofruary 27 Feries for using No Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 215.000 shares of ne-ar common stock with a stated value of $5) at $15.d on June 30, issued for cash 15,000 shares offered stock, 185 part 588 a. Joumalize the entries for May 15 and June 30, suming that the common stock is to be credited the stated a m ount box does not an entry, Beave it bank 15 b. What is the total amount invested to aid in by all t he of June 302 Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 100,000 shares of preferred 2 stock. $55 por and 450,000 shares of $10 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions If an amount box does not require an entry, leave it blank. Feb. 5. Issued 150,000 shares of common stock at par for cash Feb. 5. Feb. 5. Issued 350 shares of common stock at par to an attorney in payment of legal fees for organiring the corporation Apr. 9. Issued 20.000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $36.000, $199,000, and $45.000, respectively, Show Me How eBook DOSSIMO SUP Tor ISIS Feb. 5. Feb. 5. Issued 350 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. 0 1000 billi 0011 Apr. 9. Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $36, Apr. 9. June 14. Issued 23,000 shares of preferred stock at $66 for cash. June 14
