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please complete the requirements for s13-2 and s13-7 and please make sure that the answer can seen clearly Learning Objective 2 S13-2 Journalizing issuance of
please complete the requirements for s13-2 and s13-7 and please make sure that the answer can seen clearly Learning Objective 2 S13-2 Journalizing issuance of stock-at par and at a premium Colorado Corporation has two classes of stock: common, $3 par value; and prefemmel $30 par value. Requirements 1. Journalize Colorado's issuance of 4,500 shares of common stock for $6 per share. 2. Journalize Colorado's issuance of 4,500 shares of preferred stock for a total od $135,000 Objective 4 S13-7 Accounting for cash dividends Java Company earned net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stod (50,000 shares). Java then paid the dividends on January 4, 2019. Requirements 1. Journalize for Java the entry declaring the cash dividends on December 15, 2018, 2. Journalize for Java the entry paying the cash dividends on January 4, 2019
please complete the requirements for s13-2 and s13-7
and please make sure that the answer can seen clearly
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