Swet concerns outstanding to connes of 2,000 wat om proferred stock with a $100 per we mne 13.000 west common ma w $10 peraw. During the treate your # v of operation, the corporation deered and paid the following to cash videos Divide Declared Test 1 3.4.000 YA 3 18,000 Ter3 80.000 The amount of Genes pistes profered and common shareholders in your DOO A corporation sold 19,000 shares of his $10 per value common stock at a cash price of $13 per share. The entry to record this transaction would include: Multiple Choice O A credit to Porn Caplet in Exces of Por Volso, common stock for $437000 A debit to Pain Coolt in acels of Pas Vilue, Common Stock for $247000 Acredit to common stock for $190,000 Acred to Common Stock for $247000 O A debito Cash for $100.000 Percy Corporation was formed on January. The corporate charter authored 100,000 shares of $10 per value common stock. During the first month of operation, the corporation issued 350 west oms in payment of a $5.500 charge for drawing up the articles of incorporation. The entry to record this transaction would include: Mun Choi A de to Pin Capital in care common Acret to Common Stock for $5.500 A Organgene for $5.500 Anton 53.500 Awesome Connor 6.500 On September 1, Ziegler Corporation had 60,000 shares of $5 par value common stock, and $180,000 of retained earnings. On that date, when the marriet price of the stock la 55 per here the corporation issues a 2-for-1 stock splt. The general Journal entry to record this transaction ist Multiple Choice Debined $700,000, cred Common Stock $300.000 No entry is made for this action Owner og 3000.000 Cross Common stock $100.000 Dolned Earrings $300.000 crede Stock Sot Payable $300.000 Debetained Erings $900.000 credit Common Stock Distributie 1900.000 Sweet Company's outstanding stock consists of 1600 shares of cumulative 6% preferred stock with a $100 par value and 10.600 shares of common stock with a $10 per value. During the first three years of operation the corporation declared and paid the following total cash dividends Dividenda Declaredaid Tear 1 $ 2,600 YERT $ 6,600 Year $ 35,000 The total amount of dividends paid to preferred and common shareholders over the three year periodis: Murple Choice $26.100 preferred 5.400 con $6.200 p 526.000 pretunet: 54.600 con Sperre 12 como 79.200.000 Torino Company has 2.900 shares of 20 par value 70% cumulative preferred stock and 29,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1.500 in first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is Me Choice 14620 0 16320 00 3560 14060
