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https://upperiowa.brightspace.com/d2l/le/content/35392/viewContent/277375/View I am not understanding on how to journalize he last entries or how to get the correct #s thank you for helping here is
https://upperiowa.brightspace.com/d2l/le/content/35392/viewContent/277375/View
I am not understanding on how to journalize he last entries or how to get the correct #s
thank you for helping here is the assignment
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Light and Light is a lighting fixture wholesaler located in Texas. During its fiscal year, ended Dec 31, 2012, light and light completed the following selected transactions: Feb 03 Purchased 2,00 shares of its own common stock at $30, recording the stock at the cost. (prior to the purchase, there were 42,000 shares of $25 par common stock outstanding May 01 Declared a semi-annual dividend of $1.15 on the 10,000 shares of preferred stock and a .25 dividend on the common stock to stockholders of record on may 31, payable on june 15 June Paid the cash dividends Sep 23 Sold 1,000 shares of treasury stock at $332, receiving cash Nov 1 Declared semi-annual dividends of $1.15 on the preferred stock and .25 on the common stock. In addition a 6% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $25 Dec 01 Paid cash dividends and issued the certificates for the common stock dividend Assignment: Journalize the to record transaction of light and lightStep by Step Solution
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