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Quick! please I need help with this homework problem the parts that are grey blank and not green. thanks Before preparing nancial statements for the

Quick! please I need help with this homework problem the parts that are grey blank and not green. thanks

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Before preparing nancial statements for the current year, the chief accountant for Toso Company discovered the following errors in the accounts. 1. The declaration and payment of $50,000 cash dividend was recorded as a debit to Interest Expense $50,000 and a credit to Cash $50,000. 2. A 10% stock dividend (1,000 shares) was declared on the $10 par value stock when the market price per share was $18. The only entry made was Stock Dividends (Dr.) $10,000 and Dividend Payable (Cr.) $10,000. The shares have not been issued. 3. A 4for1 stock split involving the issue of 400,000 shares of $5 par value common stock for 100,000 shares of $20 par value common stock was recorded as a debit to Retained Earnings $2,000,000 and a credit to Common Stock $2,000,000. Prepare the correcting entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit 2} ............................................................................... ECash Dividends v/ 50000 1. Dec. 31 Interest Expense 2. Dec. 31 Dividends Payable 10000 _ Common Stock Dividends Distributable \"- s' Paid-in Capital in Excess of Par-Common Stock - - ( \" 3. Dec. 31 Common Stock Retained Earnings | |' | | |' l 2000000

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