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Jan. 27 Sold 23,000 common shares for $7 per share. Feb. 1 Sold 6,000 shares of $2.25, noncumulative, preferred shares for $60 per share. Oct.

Jan. 27
Sold
23,000
common shares for
$7
per share.

Feb. 1
Sold
6,000
shares of
$2.25,
noncumulative, preferred shares for
$60
per share.

Oct. 13
Declared a
7
percent stock dividend on the common shares. The current market price of the common shares is
$8
per share. There are
88,000
common shares outstanding on October 13.

Nov. 16

Distributed the stock dividend declared on October 13.

Dec. 11
Declared the annual dividend required on the preferred shares and a
$0.20
per share dividend on the common shares. There are
15,000
preferred shares outstanding at this time.

Please write Journal entries

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Previous Question Next Question

Jan. 27	Sold 23,000 common shares for $7 per share.
Feb. 1	Sold 6,000 shares of $2.25, noncumulative, preferred shares for $60 per share.
Oct. 13	Declared a 7 percent stock dividend on the common shares. The current market price of the common shares is $8 per share. There are 88,000 common shares outstanding on October 13.
Nov. 16	Distributed the stock dividend declared on October 13.
Dec. 11	Declared the annual dividend required on the preferred shares and a $0.20 per share dividend on the common shares. There are 15,000 preferred shares outstanding at this time.