Homework: Chapter 13 Homework Question 7, P13-40A (bo.. Part 1 of 6 HW Score: 10%, 2 of 20 points O Points: 0 of 5 5 Save Voyage Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2018: 2 (Click the icon to view the partial balance sheet.) - X Read the requirements Data table CHE Requirement 1. Identify the different classes of stock that Voyage Comfort Specialists has outstanding. Voyage has y . outstanding S 1,400,000 Stockholders' Equity Paid-In Capital: : Preferred Stock7%, ? Par Value: 625,000 shares authorized, 280,000 shares issued and outstanding Common Stock-$1 Par Value; 3,000,000 shares authorized, 1,340,000 shares Issued and outstanding Paid In Capital in Excess of ParCommon Total Paid In Capital Requirements 1,340,000 2,900,000 5,640,000 12,000,000 Retained Earnings $ 17,640,000 Total Stockholders' Equity 1. Identify the different classes of stock that Voyage Comfort Specialists has outstanding. 2. What is the par value per share of Voyage Comfort Specialists' preferred stock? 3. Make two summary journal entries to record issuance of all the Voyage Comfort Specialists' stock for cash. Explanations are not required. 4. No preferred dividends are in arrears. Joumalize the declaration of a $500,000 dividend at June 30, 2018, and the payment of the dividend on July 20, 2018. Use separate Dividends Payable accounts for preferred and common stock. An explanation is not required. Print Done Print Done