Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 19,000 shares of no-par common stock at $25. On February 14, Shamrock issued at par value 6,000 shares of preferred 5% stock, $100 par for cash. On August 30, Shamrock is 13,000 shares of preferred 5% stock, $100 par at $110. 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 Common Stock Feb. 14 Cash Preferred Stock Aug. 30 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Feedback Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what affect that has on recording the sale of stock. Dividends Per Share Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $112,500 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 'O'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 1.5 1.35 20Y2 $ 0 20Y3 Feedback Check My Work Determine what amount of current dividends that preferred stock should receive per year. Keep in mind that the question is asking for a dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock