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Jacksonville All Star Inc. completed the following selected transactions during 2018: Jockoonvile A1 Star, tho, conslebed the following selectid transactions during a01A: the peyment dste
Jacksonville All Star Inc. completed the following selected transactions during 2018:
Jockoonvile A1 Star, tho, conslebed the following selectid transactions during a01A: the peyment dste is daruary zo. Stat by preparing the neciswy enty on the date of dedaration_January 6. (Prepare a conpound enty) Mar 21: Split common stock 2-for-1 by calling in the 8,000 shares of $6 par common stock and issuing new stock in its place. Dec 22: Sold 2,500 shares of treasury common stock for $36 per share. More info Jan 6 Declared a cash dividend on the 9,000 shares of $2, no-par preferred stock outstanding. Declared a $0.70 per share dividend on the 8,000 shares of common stock outstanding. The date of record is January 17 , and the payment date is January 20. Jan 20 Paid the cash dividends. Mar 21 Split common stock 2 -for-1 by calling in the 8,000 shares of $6 par common stock and issuing new stock in its place. Apr 18 Declared and distributed a 5% stock dividend on the common stock. The market value of the common stock was $32 per share. Jun 18 Purchased 5,000 shares of treasury common stock at $33 per share. Ded 22 Sold 2.500 shares of treasury common stock for $36 per share Step by Step Solution
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