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please show work Transactions: Apc, 1. The board of deectors dedared a quartedy cash dividend of $5,000,00, payable on May 15. M34. 16. Purchased 500
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Transactions: Apc, 1. The board of deectors dedared a quartedy cash dividend of $5,000,00, payable on May 15. M34. 16. Purchased 500 shares of Krash Coeporation for $22.00 per share as a temporary investment. Coss. May 15. Paid the April 1 cividend, C799. June 2. Paid cash to Manny Trask for 2,200 shares of the copporation's common stock ax 516.10 per share. Ca33. 4. The bourd of directors declared a 5% stock dividend on common sock. An independert agprasal service has estimated that the common stock has a market value of $16.50. Me6. July 3. Received a $0,40 per share cash dividend from Krash Corporation, R456. 7. Issued the June 4 stock dividend. M77. 11. Received cash from Peter Ashton for 700 thares of treasury stock at $16.25 per share. R4E2. 23. Sold all of its shares of Krach Corporation for $24.25 per share. R478. Cash Receipts Journal PAGE 5 CASH RECEIPTS JOURNAL Transactions: Apc, 1. The board of deectors dedared a quartedy cash dividend of $5,000,00, payable on May 15. M34. 16. Purchased 500 shares of Krash Coeporation for $22.00 per share as a temporary investment. Coss. May 15. Paid the April 1 cividend, C799. June 2. Paid cash to Manny Trask for 2,200 shares of the copporation's common stock ax 516.10 per share. Ca33. 4. The bourd of directors declared a 5% stock dividend on common sock. An independert agprasal service has estimated that the common stock has a market value of $16.50. Me6. July 3. Received a $0,40 per share cash dividend from Krash Corporation, R456. 7. Issued the June 4 stock dividend. M77. 11. Received cash from Peter Ashton for 700 thares of treasury stock at $16.25 per share. R4E2. 23. Sold all of its shares of Krach Corporation for $24.25 per share. R478. Cash Receipts Journal PAGE 5 CASH RECEIPTS JOURNAL Step by Step Solution
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