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need help with these problems plz 5. Ch 12: A company declares a cash dividend of $50,000 on November 5and records the stockholders on December
need help with these problems plz
5. Ch 12: A company declares a cash dividend of $50,000 on November 5and records the stockholders on December 1".. The dividends were paid on Jan 5. Prepare the journal entries related to these dividend transactions. 6. Ch 12: Alberto Company has 50,000 shares of $100 par, 2% cumulative preferred stock and 120,000 shares of $20 par common stock issued and outstanding. Dividends were distributed as follows: Year 1$75,000, year 2$120,000, year 3$200,00. Avidind per Srave = Dividind sibared to Determine the dividends per share for preferred and common stock for each of the three years. 15,00010000 t2 12120,000120,000$2410 13200000 7. Ch 12: On September 1, 20,000 shares of $4 par common stock were issued at $20, and on December 17, 10,000 / shares of $20 par preferred stock were issued at $27. Prepare the journal entries Step by Step Solution
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