Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 10,000 shares of $20 par value common stock for $240,000 cash. 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $100 par value preferred stock for $286,000 cash. View transaction list OX: X: 1 Record the issue of 10,000 shares of $20 par value common stock for $240,000 cash. 2 Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,000. The stock has a $1 per share stated value. Credit 3 Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,000. The stock has no stated value. 4 Record the issue of 2,500 shares of $100 par value preferred stock for $286,000 cash. Note : = journal entry has been entered Record entry Clear entry View general journal York's outstanding stock consists of 17,000 shares of noncumulative 9.90% preferred stock with a $10 par value and also 42,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 2016 2017 2018 $ 13,000 14,830 100,000 192,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round "Dividend Rate (%)" to 1 decimal place and "Dividend per Preferred Share" to 2 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2015 $ 2016 2017 13,000 14,830 100,000 192,000 319,830 2018 Total: $ York's outstanding stock consists of 54,000 shares of cumulative 10.00% preferred stock with a $10 par value and also 135,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2015 2016 2017 2018 $ 43,000 47,625 96,500 139,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 2 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2015 $ 2016 2017 43,000 47,625 96,500 139,000 326,125 2018 Total $
