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Please finish these journal entries. 1. 2. 3. 4. December 1 Declared and paid 8.8% cash dividend on preferred shares, and cash dividend of $0.10
Please finish these journal entries.
1.
2.
3.
4.
December 1 Declared and paid 8.8% cash dividend on preferred shares, and cash dividend of $0.10 per share on common shares. d. The buildings, originally acquired on January 14, 2018 for $100,000,000 with a salvage value of $25,000,000 and a useful life of 25 years. The buildings have not been depreciated for the twelve months of 2021. The company uses double decling method for building this year. g. The company recognises accrued interest for the bonds issued on August 1". The company uses straight method for the bond issued on August 1st. The fair value of the shares is $5,200,000. i For investiments, the market prices are: (1) AI bonds ($850,000), (2) MDC bonds ($1,460,000). The company uses trading security method for these two investments. December 1 Declared and paid 8.8% cash dividend on preferred shares, and cash dividend of $0.10 per share on common shares. d. The buildings, originally acquired on January 14, 2018 for $100,000,000 with a salvage value of $25,000,000 and a useful life of 25 years. The buildings have not been depreciated for the twelve months of 2021. The company uses double decling method for building this year. g. The company recognises accrued interest for the bonds issued on August 1". The company uses straight method for the bond issued on August 1st. The fair value of the shares is $5,200,000. i For investiments, the market prices are: (1) AI bonds ($850,000), (2) MDC bonds ($1,460,000). The company uses trading security method for these two investmentsStep by Step Solution
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