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On December 31, 2021. Bramble, Inc. has 4200 shares of 5% $100 par value cumulative preferred stock and 59800 shares of $10 par value common

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On December 31, 2021. Bramble, Inc. has 4200 shares of 5% $100 par value cumulative preferred stock and 59800 shares of $10 par value common stock outstanding on December 31, 2021, the directors declare a $17800 cash dividend. The entry to record the declaration of the dividend would include: O acredit of $3200 to Cash Dividends. O anote in the financial statements that dividends of $5 per share are in arrears on preferred stock for 2021 O adeblt of $17800 to Common Stock. O a credit of $17800 to Dividends Payable, Question 9 of 50 > - / 1 View Policies Current Attempt in Progress On January 1, Sunland Corporation had 91000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The stock was distributed on June 30. The entry to record the transaction of June 30 would include a credit to Pald-in Capital in Excess of Par for $27300. O debit to Stock Dividends for $27300. credit to Common Stock for $91000 debit to Common Stock Dividends Distributable for $118300

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