I need help with no 4 now! This is my exam
Domaine Corporation .s authorized to issue 1,000,000 shares of $1 par value common stock. During 2015, the company has the following stock transactions. Jan. 15 Issued 500,000 shares of stock at $7 per share. Sept. 5 Purchased 30,000 shares of common stock for the treasury at $9 per share. Journalize the transactions for Domaine Corporation. On February 1, Barton Corp. issued 5,000 shares of its $20 par value preferred stock for $28 per share. Journalize the transaction. The stockholders' equity section of Maria Corporation at December 31, 2014, included the following: 6% preferred stock. $100 par value, cumulative, 10,000 shares authorized, 8,000 shares issued and outstanding $ 800,000 Common stock $10 par value, 250,000 shares authorized, 200,000 shares issued and outstanding $2,000,000 Dividends were not declared on the preferred stock in 2014 and are in arrears. On September 15, 2015, the board of directors of Maria Corporation declared dividends on the preferred stock for 2014 and 2015, to stockholders of record on October 1, 2015, payable on October 15, 2015. On November 1, 2015, the board of directors declared a $.50 per share dividend on the common stock, payable November 30, 2015, to stockholders of record on November 15, 2015 Journalize the declaration on Sept 15 and payment on Oct 15 for cash dividends on preferred stock. Journalize the declaration on Nov 1 and payment on Nov 30 for cash dividends on common stock. On October 10, the board of directors of Pattern Corporation declared a 15% stock dividend. On October 10, the company had 10,000 shares of $1 par common stock issued and outstanding with a market price of $16 per share. The stock dividend will be distributed on October 31 to shareholders of record on October 25. Journalize the entries needed for the declaration and distribution of the stock dividend