HI, PLEASE HELP ME WITH MAKING SURE MY ATTEMPTED ANSWERS FOR THE 3 QUESTIONS ARE THE CORRECT ONES BECAUSE I'M ONLY ALLOWED ONE CHANCE TO SUBMIT IT... THANKS!

Question 1 Info:

Sweet Inc. recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporations capital stock. On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions.

Date	Account Titles and Explanation	Debit	Credit
May 2	Cash	192,000
	Capital Stock		192,000
	(Issued 12,000 shares of $5 par value common stock at $16 per share)
May 10	Cash	600,000
	Capital Stock		600,000
	(Issued 10,000 shares of $30 par value preferred stock at $60 per share)
May 15	Capital Stock	19,200
	Cash		19,200
	(Purchased 1,200 shares of common stock for the treasury at $16 per share)
May 31	Cash	9,180
	Capital Stock		5,100
	Gain on Sale of Stock		4,080
	(Sold 510 shares of treasury stock at $18 per share)

My question 1 attempted answer:

Entries:
2-May	Cash (12,000*$16)						$192,000
		Common Stock (12,000*$5)						$60,000
		Paid in capital in excess of par -CommonStock						$132,000
10-May	Cash (10,000*$60)						$600,000
		Preferred Stock (10,000*$30)						$300,000
		Paid in capital in excess of par -PreferredStock						$300,000
15-May	Treasury Stock (1,200*$16)						$19,200
		Cash						$19,200
31-May	Cash (510*$18)						$9,180
		Treasury Stock (510*$16)						$8,160
		Paid in Capital from treasury						$1,020

Question 2 Info:

Sheridan Corporation has 8,700 shares of $100 par value, 9%, preferred stock and 48,300 shares of $10 par value common stock outstanding at December 31, 2017. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2014, what are the amount of dividends in arrears that should be reported on the December 31, 2017, balance sheet? And how should these dividends be reported?

(b) If the preferred stock is convertible into 7 shares of $10 par value common stock and 3,600 shares are converted, what entry is required for the conversion assuming the preferred stock was issued at par value?

(c) If the preferred stock was issued at $109 per share, how should the preferred stock be reported in the stockholders equity section?

My question 2 attempted answer:

A)	[(8,700*$100)*9%] *(2017-2014)=						$234,900
							Will NOT be reported. Must disclose in footnotes.
Entry:
B)	Preferred stock (3,600*$100)						$360,000
		Common stock (3,600*$10*7)						$252,000
		Paid in capital in excess of par - Common stock						$108,000
Partial balance sheet:
C)	Paid in capital
	Preferred stock (8,700*$100)						$870,000
	Paid in capital in exess of par-Preferred stock [8,700*($109-$100)]						$78,300

Question 3 Info:

Concord Corporation has 11.00 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 78 cents per share cash dividend to stockholders of record as of June 14, payable June 30.

(a) Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings.

(b) How would the entries differ if the dividend were a liquidating dividend?

My question 3 attempted answer:

Entry for A):	1-Jun	Retained earnings					$8,580,000
			Dividends payable (11,000,000*$0.78)					$8,580,000
	14-Jun	No entry
	30-Jun	Dividends payable (11,000,000*$0.78)					$8,580,000
			Cash					$8,580,000
Entry for B):	1-Jun	Paid in capital in excess of par- Common Stock					$8,580,000
			Dividends payable					$8,580,000
	14-Jun	No entry
	30-Jun	Dividends payable (11,000,000*$0.78)					$8,580,000
			Cash					$8,580,000