Question Completion Status: Path Words: 0 QUESTION 3 30 p Lennox Company has been authorized to issue 100,000 shares of $3.00 par value, 7% preferred stock and 5,000,000 share of $ 50 par value common stock December 31, 2020, the following accounts were found on the ledger On Preferred Stock (non-cumulative) Paid-in Capital in Excess of Par-Pref Common Stock Paid-in Capital in Excess of Par-Common Treasury Stock Paid-in Capital from Treasury Stock Retained Earnings $120.000 85.000 1 250.000 2 200 000 19 500 3.900 157,000 Journalize the following entries for Lennox (Ignore the first problem.) 1. Declared a 5.45 cash dividend per share to common stockholders of record on June 1. payable July 1 Declared a dividend on the preferred stock Declared a 15% stock dividend to stockholders of record on December 1, distributable December 31. The market price of the common stock was 59 per share OM Declared and paid a 5.70 cash dividend on the common shareholder AFTER after the 15% stock dividend had been distributed If a 3-for 1 stock split is announced AFTER the 10% stock dividend has been distributed, how many shares will then be outstanding? TTTT Paraarach Arial 31120 -T Click Save and Submit to save and submit. Click Save All Answers to save all answer. Save All Answers Sav Remaining Time: 1 hour, 50 minutes, 08 seconds. Path: Question Completion Status: QUESTION 3 Lennox Company has been authorized to issue 100,000 shares of $3.00 par value, 7% preferred stock and 5,000,000 share of $ 50 par value common stock December 31, 2020, the following accounts were found on the ledger On Preferred Stock (non-cumulative) Paid-in Capital in Excess of Par-Pref Common Stock Paid-in Capital in Excess of Par-Common Treasury Stock Paid-in Capital from Treasury Stock Retained Earnings $120.000 85.000 1.250.000 2.200,000 19.500 3,900 157,000 Journalize the following entries for Lennox (Ignore the first problem) 1. Declared a 5.45 cash dividend per share to common stockholders of record on June 1. payable July 1 Declared a dividend on the preferred stock Declared a 15% stock dividend to stockholders of record on December 1, distributable December 31. The market price of the common stock was 59 per share 3 7. Declared and paid a 5.70 cash dividend on the common shareholder AFTER after the 15% stock dividend had been distributed 8 9. If a 3-for 1 stock split is announced AFTER the 10% stock dividend has been distributed, how many shares will then be outstanding? TTTT Paragraph Arial 3 (12pt) - E-T Gi* T' T
