Question 1

Question 2

The following information applies to the questions displeyed below) Legacy issues $610,000 of 6.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $579,203 and their market rate is 8% at the issue date. Required: 1. Prepare the January 1, 2017, journal entry to record the bonds issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $610,000 cash on January 1, 2017 at an issue price of $579,203 Debit Credit Jan 01, 2017 Prev5 of 11 Next > Halverstein Company's shares of common total cash dividends. outstanding stock consists of 12,600 shares of cumulative S% preferred stock with a $10 par value and SA00 stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following Dividend Year 1 $ Year 2 $10,800 Year 3$45,000 The amount of dividends paid to preferred and common shareholders in Year 2 is: Multiple Choice $6,300 preferred: $4.500 common. $5,400 preferred $5,400 common $O preferred: $10,800common Prev 90( 1, Next > $6,300 preferred: $4,500 common. $5,400 preferred; $5,400 common. $O preferred: $10,800common. $10.800 preferred:$O common. $7.560 preferred: $3.240 common $3.240 common MacBoolk