how do I record regiment 5

Elegant Outdoor Furniture Company included the following stockholders' equity on its year-end balance sheet at March 31, (Click the icon to view the partial balance sheet) Read the requirements Stockholders' Equity Amount Record issuance of the Common Stock. Preferred stock, 5% cumulative-par value $35 per share; authorized 190,000 shares in each class Journal Entry Class AIssued 76,000 shares S 2,660,000 Date Accounts Debit Credit Class B-issued 94,000 shares B 3,290,000 Cash 7,350,000 Common stock-$7 par value: $7 Common Stock 1.820.000 authorized 1,750,000 shares, Additional Paid-in Capital-Common 5,530,000 Issued 260,000 shares 1,820,000 Additional pald-in capital-common 5,530,000 Requirement 3. Suppose Elegant passed its preferred dividends for three years. Would the company have to pay those di Retained earnings 8,350,000 S 21,660,000 Elegant Outdoor Furniture Company would have to pay preferred dividends in arrears before paying dividends to the Requirement 4. What amount of preferred dividends must Elegant declare and pay each year to avoid having preferred di Print Done Elegant must declare and pay dividends of S 297,500 each year to avoid having preferred dividends in arrears. Requirement 5. Assume that preferred dividends are in arrears for 2018. Joumalize the declaration of an $880,000 dividend on February 28, 2019. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Feb 28 Cash 880000 Preferred Stock 880000 III Choose from any list or enter any number in the input fields and then click Check