Preferred Stock, $100 par, 5% Common Stock, $10 par Paid-in Capital in Excess of Par - Preferred Stock $200,000 Paid-in Capital in Excess of Par - Common Stock Retained Earnings 300,000 There were no dividends in arrears on preferred stock. During 2021, the company had the following transactions and events. September 1 Paid the $23,000 cash dividend declared on July 1. Date 400,000 INSTRUCTIONS Journalize the transaction. Follow the following instructions to receive credit. 1. Date should be spelled correctly and written as Month Day (ex. February 4). 2. Credit account titles are automatically indented when title is entered. Do not indent manually. 3. Account titles must be spelled correctly. 4. Do not key $-signs within journal entries. Account Titles and Explanation 50,000 100,000 Debit

vinthose Comman skek 510 pay sinsin Paugin Capilar in Exceas of Par - Preferred saock. se.000 Paid-m Capital in Exoess of Par - Comenon Stock. Retained Eamings 100son There ware no dividends in arrears on proterred stock. During 2021 , the company had the following transactions arvd everts. - September 1 Paid the $23,000 cash dividend deciared on July 1. INSTRUCTIONS Journalize the transaction. Follow the following instructions to receive cradit. 1. Date should be spelled correctly and written as Month Dary (ex. February 4). 2. Credit account titles are automatically indented when titlo is entered. Do not indent manually. 3. Account titles must be spelled correctly. 4. Do not key \$-signs within journal entries