Example 12-2 and Example 12-3

Retained earnings ck Net income Cash dividends declared Noric Cruises Inc. r Stock dividends declared eare a retained earnings statement for the month ended October 31, Exercises Obi follows: 80% equipment, has stock outstanding as f 20 par and 400,000 shares of $25 parcoms 0 were distributed as dividendion. Du EX 12-1 Dividends per share Preferred stock, Seventy Two Inc, a developer 1st year: S0.45 preferred 3% stock, $20 par and of radiology equipment, shares of cumulative its first four years of operations, the following amounts 8%,000, second year, $72000, third year, $80,000; fourth year, $100,000. Determine the di per share on each class of stock for each of the four years. W EXCEL TEMPLATE Obi 2 ghtfoot Inc., a software development firm, has stock outstanding as follo of cumulative preferred 1% stock, $125 par and 100,000 shares of $150 its first four years of operations, the following amounts were year, $36,000, second year, $58,000; third year, $75,000; fourth year, $124,000. Det dividends per share on each class of stock for each of the four years. 1st year: S0.90 distributed as div idends: firs Determine the EX 12-3 Entries for issuing par stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 180.000 shares of $20 par common stock at $23, and on February 27, it issued for cash 25,000 shares Obj, 2 SHOW ME HOWf of preferred stock, $7 par at $9