Entries for Stock Dividends Paris Corporation has 10,000 shares of $40 par common stock outstanding. On August 2, Paris Corporation declared a 2% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $45 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 9,000 Sept. 15 No Entry Required No Entry Required II II II II Oct. 8 Stock Dividends Distributable Common Stock Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $34,000 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 Nov. 7 Dec. 15 Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 65,000 shares of $10 par common stock at $34, and on February 27, it issued for cash 110,000 shares of preferred stock, $8 par at $11. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 27 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27? Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 3% stock, $20 par, and 13,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,300; second year, $3,800; third year, $21,260; fourth year, $37,850. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 per common. During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $76,000; third year. $90,000; fourth year, $110,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter"0.00". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) 0.50 0.70 X 0.60 0.60 Common stock (dividends per share) 0 0.08 X 0.11 0.16 x Dividends Per Share Windbor Company has 25,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 2011 $93,800 2012 18,800 112,500 20Y3 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 Common Stock (dividends per share) (dividends per share) 2011 $ 2012 $ 2013