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Dividends Per Share Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $10 par common stock. The following
Dividends Per Share Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $15,000 20Y2 3,800 20Y3 22,500 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'O'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 20Y2 $ 2013 $ Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 21,000 shares of no-par common stock at $45. On February 14, Shamrock issued at par value 9,000 shares of preferred 5% stock, $75 par for cash. On August 30, Shamrock issued for cash 22,000 shares of preferred 5% stock, $75 par at $80. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 14 Aug. 30
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