Question
Entries for Issuing Stock On January 22, Ireland Corporation issued for cash 22,000 shares of no-par common stock at $30. On February 14, Ireland issued
Entries for Issuing Stock
On January 22, Ireland Corporation issued for cash 22,000 shares of no-par common stock at $30. On February 14, Ireland issued at par value 6,000 shares of preferred 7% stock, $100 par for cash. On August 30, Ireland issued for cash 31,000 shares of preferred 7% stock, $100 par at $113.
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.
second question please
Dividends Per Share
Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:
20Y1 | $67,500 |
20Y2 | 22,500 |
20Y3 | 135,000 |
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 '0'.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started