Paid-In Capital in Excess of Par-Preferred Issued preferred stock in exchange for land. Dec. 15: Declared total cash dividends of $16,000. 103 50,000 16,000 Credit Accounts and Explanation Debit Date Dec. 15 Cash Dividends Dividends Payable-Preferred Dividends Payable-Common Declared a cash dividend. NOV 28 15 tv THA MacBook Air FR Clear all