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need an help urgently Question 3 of 29 > -725 5 View Policies Current Attempt in Progress Tamarisk Merchandising Inc had the following share capital
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Question 3 of 29 > -725 5 View Policies Current Attempt in Progress Tamarisk Merchandising Inc had the following share capital and balances on January 1.2021. 50 cumulative preferred shares, convertible into common shares at a ratio of 4 common shares for 1 preferred share, imited number of shares authorized, 150,000 shares issued $2.415,000 nmon shares, unlimited number of shares authorized, 850.000 shares issued 2.890.000 The following transactions relating to shares occurred in 2021 and 2022. Mar 31, 2021 Tamarisk declared total annual dividends of $730,000 for shareholders of record on April 1, 2021. There were no dividend arrears at January 1, 2021. April 30, 2021 July 10, 2021 Tamarisk paid the dividends owing. Shareholders converted 25,000 preferred shares into common shares. The fair value per preferred share was $17.30; per common share, $4.80. Feb. 20. 2022 Tamarisk declared an annual dividend of $650,000 to shareholders of record on March 1.2022. Mar. 5, 2022 Tamarisk paid $350,000 of the dividends owing. July 15, 2022 Shareholders converted 50,000 preferred shares into 200,000 common shares. The fair value per preferred share was $16.40; per common share, $5.30. -725 Journalize each of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31, 2021 Apr. 30 July 10 I Feb. 20, 2022 Question 3 of 29 -125 Hii Mar. 5 July 15 List of Accounts Question Part Score --/16 Prepare a schedule to show the balance in the dividend payable account on July 31, 2022 Preferred Common Total Feb. 20 Declared dividend $ $ $ Mar. 5 Paid dividend $ $ $ $ $ $ Ending balance W O Type here to search 10C M M C Question Part Score --/16 Prepare a schedule to show the balance in the dividend payable account on July 31, 2022. Preferred Common Total Feb. 20 Declared dividend $ $ $ Mar. 5 Paid dividend $ $ $ $ Ending balance $ $ List of Accounts Question Part Score risk's balance sheet as at July 31, 2022. Question Part Score --14 Show the dollar amount of the share capital accounts of Tamarisk's balance sheet as at July 31, 2022. TAMARISK MERCHANDISING INC. Balance Sheet (Partial) $ $ List of Accounts --/3 Question Part Score Attempts: 0 of 1 used Submit Answer Save for Later 100 Question 3 of 29 > -725 5 View Policies Current Attempt in Progress Tamarisk Merchandising Inc had the following share capital and balances on January 1.2021. 50 cumulative preferred shares, convertible into common shares at a ratio of 4 common shares for 1 preferred share, imited number of shares authorized, 150,000 shares issued $2.415,000 nmon shares, unlimited number of shares authorized, 850.000 shares issued 2.890.000 The following transactions relating to shares occurred in 2021 and 2022. Mar 31, 2021 Tamarisk declared total annual dividends of $730,000 for shareholders of record on April 1, 2021. There were no dividend arrears at January 1, 2021. April 30, 2021 July 10, 2021 Tamarisk paid the dividends owing. Shareholders converted 25,000 preferred shares into common shares. The fair value per preferred share was $17.30; per common share, $4.80. Feb. 20. 2022 Tamarisk declared an annual dividend of $650,000 to shareholders of record on March 1.2022. Mar. 5, 2022 Tamarisk paid $350,000 of the dividends owing. July 15, 2022 Shareholders converted 50,000 preferred shares into 200,000 common shares. The fair value per preferred share was $16.40; per common share, $5.30. -725 Journalize each of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31, 2021 Apr. 30 July 10 I Feb. 20, 2022 Question 3 of 29 -125 Hii Mar. 5 July 15 List of Accounts Question Part Score --/16 Prepare a schedule to show the balance in the dividend payable account on July 31, 2022 Preferred Common Total Feb. 20 Declared dividend $ $ $ Mar. 5 Paid dividend $ $ $ $ $ $ Ending balance W O Type here to search 10C M M C Question Part Score --/16 Prepare a schedule to show the balance in the dividend payable account on July 31, 2022. Preferred Common Total Feb. 20 Declared dividend $ $ $ Mar. 5 Paid dividend $ $ $ $ Ending balance $ $ List of Accounts Question Part Score risk's balance sheet as at July 31, 2022. Question Part Score --14 Show the dollar amount of the share capital accounts of Tamarisk's balance sheet as at July 31, 2022. TAMARISK MERCHANDISING INC. Balance Sheet (Partial) $ $ List of Accounts --/3 Question Part Score Attempts: 0 of 1 used Submit Answer Save for Later 100Step by Step Solution
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