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from previous question posted more info 2. On April 9, 2019, ABC sells 4,000 shares of the preferred stock at $40 per share. What entry
from previous question posted more info
2. On April 9, 2019, ABC sells 4,000 shares of the preferred stock at $40 per share. What entry will ABC make to record this stock issuance? 3. On October 1, 2019, ABC declares a dividend of $10,000 (Assume the balances in Cash and Retained Earnings are sufficient for this.) The Record Date is November 1, 2019 and the Payment Date is November 15, 2019. What are the entries that should be made on each of these 3 dates? Declaration Date: Record Date: Payment Date How much of the dividend paid on November 15, 2019 will go to the preferred stockholders and how much to the common stockholders? Preferred Common 5. On September 30, 2020, ABC buys back 7,000 shares of the common stock at $3 per share. What entry will ABC make to record this stock purchase? 6. No dividend was paid in 2020. On August 12, 2021, ABC declares a dividend of $3,000. How much of the dividend will go to the preferred stockholders and how much to the common stockholders? Preferred Common: 7 On July 13, 2022, ABC declares a dividend of $17.500 How much of the dividend will go to the preferred stockholders and how much to the common stockholders? Preferred Common: On February 22, 2023. ABC resells 4,000 of the treasury shares for $10 per share. Whatentry will make to record this stock sale Step by Step Solution
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