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Tent & Tarp Corporation is a manufacturer of outdoor camping equipment. The company was incorporated ten years ago. It is authorized to Issue 50,000 shares

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Tent & Tarp Corporation is a manufacturer of outdoor camping equipment. The company was incorporated ten years ago. It is authorized to Issue 50,000 shares of $10 par value 5% preferred stock. It is also authorized to Issue 500,000 shares of $1 par value common stock. It has issued 5.000 common shares and none of the preferred shares. Tent & Tarp has the following transactions: Mar. 1 Declares a cash dividend of $3 per share Mar. 30 Pays the cash dividend Journalize these transactions for March 1st and March 30th Edit View insert Format Tools Table 12pt Paragraph BI T

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