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On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 74,600 shares of $10 par common stock at $12, and on November 19,
On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 74,600 shares of $10 par common stock at $12, and on November 19, it issued for cash 15,640 shares of preferred stock. $40 par at $56. Required: A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles. B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19? A. Journalize the entries for October 31 and November 19. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 ACCOUNTING EQUATION JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY B. What is the total amount invested (total paid-in capital) by all stockholders as of November 19? Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 11,000 shares of cumulative preferred 2% stock, $110 par, and 37,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $16,170; second year, $42.230; third year, $51,270; fourth year, $72,670. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)
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