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please do all On January 1, 2021, Dress For Success had 10,000 6% $100 par value Preferred stock and 60,000 common shares, $5 par value
please do all
On January 1, 2021, Dress For Success had 10,000 6% $100 par value Preferred stock and 60,000 common shares, $5 par value issued and outstanding. During the year, the following transactions occurred: (50 points) 3 5 6 7 18 49 50 51 52 Instructions a. Prepare journal entries to record each of the transactions below. If no entry is required, indicate so. 1-Mar Declared a 15% stock dividend on outstanding common stock. The market price per share as of March 1 is $17 53 54 55 April 10. The 15% stock dividend declared on March 1 was issued to the common stockholders. 56 57 58 59 60 + 61 May 10. Declared a 30% stock dividend on outstanding common stock. The market price per share as of May 10 is $15 62 63 64 65 66Step by Step Solution
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