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please show me how to do the math! Aggregate Mining Corporation was incorporated five years ago, it is authorized to issue 550,000 shares of 5100
please show me how to do the math! Aggregate Mining Corporation was incorporated five years ago, it is authorized to issue 550,000 shares of 5100 par vahe 8% preferred stock. It is also authorized to issue 850,000 shares of $1 par value common stock. It has issued only 40,000 of the common shares and none of the preferred shores, In its sixth year, the corporation has the following transactions Mar. 1 Dedares a cash dividend of $2 per share Mar 30 Pays the cash dividend Jul 10 Declares a stock dividend when the stock trading at $15 per share AUGS Issues the stock dividend Prepare the journalines to record the transactions, Iran amount box does not require an entry, leave it blank Mar 1 Retained Famings 60,000 Cash Dividends Payable 30.000 Mar 30 Cash Dividends Rayable 1900 000 Cash 80,000 Jul 10 Retained Earnings Common Stock Dividend Distributable . Additional Paiden Capital Common Stock DI NI 11 III Aug5 Common Stock Dividend Distributable Common Stock
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