Epic Inc. has 10,800 shares of $2 par value common stock outstanding. Epic declares a 13% stock dividend on July 1 when the stock's market value is $16 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 13% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal Epic Inc. has 10,800 shares of $2 par value common stock outstanding. Epic declares a 13% stock dividend on July 1 when the stock's market value is $16 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet 1 2 > Record the declaration of a 13% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal Epic Inc. has 10,800 shares of $2 par value common stock outstanding. Epic declares a 13% stock dividend on July 1 when the stock's market value is $16 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend. View transaction list Journal entry worksheet Record the distribution of 13% stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit July 20 Record entry Clear entry View general journal 1. Prepare the journal entry to record Tamas Company's issuance of 5,200 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 5,200 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. View transaction list Journal entry worksheet Record the issue of $100 par value preferred stock for $102 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required Required 2 1. Prepare the journal entry to record Tamas Company's issuance of 5,200 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend %
