Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 47,500 shares of $4 par value common stock for $312,500 cash. b. On April 1, OP Co. issues no-par value common stock for $80,000 cash. c. On April 6, MPG issues 3,000 shares of $15 par value common stock for $49,000 of inventory, $150,000 of machinery, and acceptance of a $99,000 note payable. View transaction list Journal entry worksheet Record the issuance of 47,500 shares of $4 par value common stock for $312,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. appnes 10 uesli displayed York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 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 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends $ 13,200 22,000 240,000 390,000 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 your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Number of Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end 2015 $ 13,200 2016 2017 22,000 240,000 390,000 665,200 2018 Total: 0 Prev 1 of 9 Next >