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please help with journal entries 1-Jan Issued 15,000 shares of $20 par common stock of $30, receiving cash 1-Jan Issued 4,000 shares of $80 par
please help with journal entries
1-Jan | Issued 15,000 shares of $20 par common stock of $30, receiving cash |
1-Jan | Issued 4,000 shares of $80 par preferred 5% stock at $100. receiving cash |
1-Jan | Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually |
1-Apr | Declared a quarterly dividend of $.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. |
10-Apr | Paid the cash dividends declared |
1-May | Purchased 8,000 shares of treasury common stock at $33 per share. |
1-Jul | Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. |
10-Jul | Paid the cash dividends to the preferred stockholders |
1-Aug | Sold, at $38 per share, 2,600 shares of treasury common stock purchased |
10-Oct | Recorded the payment of semiannual interest on the bonds issued and the amortization of the premium for six months. The amortization is determined using the straight-line method |
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