Northam Communication has the following stockholders'uty on December 31, 2016 on the con to view the c onsequity) men c aused Requirement 1. Assuming the preferred stock is cum compute the amount of dividends to preferred stockholders and to non stockholders for 2018 and 2019 vidends are $9.000 in 2015 and $45.000 in 2019. A changes in predvokad on stock in 2019. Awe promovendave been pad 2015 Comple t e Ena m on. For our preferred be vided on the orrent year dividend and the paid out dividend on the vidend to proferred ockholders Norther's 2018 vidend would be divided between preferred and common stockholders in this manner Data Table T idend 2016 Dividend to preferred stockholders Dividend in man Stockholders' Equity Current year dividend Paid-in Capital Toll divided to preferred stockholders Preferred Stock-5%, 511 Pare 150.000 shares Buthored 20.000 shares and outstanding 220.000 Common S -52 Para 575.000 shares North 's 2019 dividend would be divided between proferred and common holds word, 300.000 shares issued and standing Total Dividend-2019 Paisin Capital incess of PurCommon Dividend to preferred stockholders TotalPan Capital Dibandina Current year dividend Total S u ity Total dividend to prom o ters Print Done Choose from any list or enter any number in the input fields and then continue to the next to Northem Communication has the following sockholders' equity on December 31, 2018 1 on the icon to view the stockholders equity Read the rements Requirement 2. Record the journal entries for 2016. suming that Northem Communications declared the dividend on December 1 for stockholders of record on December 10 Northam Communications paid the dividend on December 20 Recorde rs the credits Set the explanation one last line of the journal entry to the entry is required, c ontoured on the first line of the Accounts and Explanation and love the remaining calls blank) Dec. 1. 2018 Declared dividend Debit Credit 1 Data Table Stockholders' Equity Paid Capital Preferred Stock-5% 911 Par Value 150.000 shares authorized 20.000 shares issued and outstanding Common Stock-$2 Par Value 575,000 shares authored, 380.000 share issued and outstanding Dee. 10. 2018: Date of record $ 220.000 Accounts and Explanation Pidin Capital in Exosso ParCommon Total Pand-in Capital Retained Emings Total Stockholders' Equity Dec. 20, 2018 Paid dividend. Prin [Done Choose from any it or entrany number in the inputs and then continue to the next Question Read the recents Dec 10, 2018 Date of record Requirements Date Accounts and explanation Debit Credit Dec. 10 1. Assuming the preferred stock is cumulative compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2017 total dividends are $9,000 in 2018 and 545.000 in 2019. Assume no changes in preferred stock and common stock in 2019 2. Record the journal entries for 2018, assuming that Northern Communications declared the dividend on December 1 for stockholders of record on December 10. Northern Communications paid the dividend on December 20 Dec 20, 2018: Paid dividend Date Accounts and explanation Credit Dec. 20 Print Done Choose from any ist or enter any number in the input fields and then continue to the
