Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 24,000 shares of no-par common stock at $20. On February 14, Shamrock issued at par value 6,000 shares of preferred 6% stock, $75 par for cash. On August 30, Shamrock issued for cash 29,000 shares of preferred 6% stock, $75 par at $85. 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 Cash V Common Stock Feb. 14 Cash V Preferred Stock 000 00 00 000 00 00 Aug. 30 Cash V Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 $15,000 20Y2 8,000 20Y3 30,000 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'. Preferred Stock Common Stock (dividends per share) (dividends per share) 20Y1 20Y2 20Y3 -Entries for Stock Dividends Paris Corporation has 14,000 shares of $60 par common stock outstanding. On August 2, Paris Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $92 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2 Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Sept. 15 No Entry Required 00 00 000 10 00 000 No Entry Required Oct. 8 Stock Dividends Distributable Common Stock V Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $73,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct. 1 Cash Dividends V 00 Cash Dividends Payable Nov. 7 No Entry Required No Entry Required Dec. 15 Cash Dividends Payable Cash Feedback Check My Work Are the dividends being paid on the same date that they are declared? Who would receive the dividends? What will the stockholders receive from the corporation?Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 40,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $50 par $1,200,000 Paid-In Capital from Sale of Treasury Stock 24,000 Paid-In Capital in Excess of Par-Common Stock 384,000 Retained Earnings 696,000 Treasury Stock 13,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $50 Par (40,000 Shares Authorized, 24,000 Shares Issued) Excess of Issue Price Over Par V Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings 101008000 Total Treasury Stock - Total stockholders' equity Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 78,000 shares of its common stock at $10 per share. On August 3, Let Loose sold 52,000 of the reacquired shares at $13 per share. On November 14, Let Loose sold the remaining shares at $8 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Treasury Stock - Cash Aug. 3 Cash - V Treasury Stock 000 000 00 100 0OO OO Paid-In Capital from Sale of Treasury Stock Nov. 14 Cash - V Paid-In Capital from Sale of Treasury Stock Treasury StockEntries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (340,000 shares authorized ; 6,000 shares issued), $25 par, $150,000; Paid-In Capital in excess of par-common stock, $30,000; and Retained earnings, $1,650,000. The board of directors declared a 2% stock dividend when the market price of the stock was $34 a share. Healthy Life reported no income or loss for the current year. If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. Stock Dividends Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock Feedback a2. Journalize the entry to record the issuance of the stock certificates. Stock Dividends Distributable Common Stock V 88 . Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity . Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. Total paid-in capital Total retained earnings Total stockholders' equity Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $44,600 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. July 9 Cash Dividends Cash Dividends Payable Aug. 31 No Entry Required 10 00 00 00 00 00 No Entry Required Oct. 1 Cash Dividends Payable Cash