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Pearland company has 50,000 shares of common stock outstanding and 2,000shares of preferred stock outstanding a.the common stock is 1.00 par value, the preferred stock
Pearland company has 50,000 shares of common stock outstanding and 2,000shares of preferred stock outstanding a.the common stock is 1.00 par value, the preferred stock has a $ 100 par value ,a 5%dividend rate ,and noncumulative.on October 31,2015 the company declares dividends of $0.25 per share for common ,provide the journal entry fr the declaration of dividends
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