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they r seperate questions but i could really use help A company had stock outstanding as follows during each of its first three years of
they r seperate questions but i could really use help
A company had stock outstanding as follows during each of its first three years of operations: 2,000 shares of 10%, $100 par, cumulative preferred stock and 33,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "O". Preferred Common Year Dividends Total Per Share Total Per Share 1 $15,000 15,000 2 20,000 20,000 3 26,950 Chart of Accounts Instructions The declaration, record, and payment dates in connection with a cash dividend of $50,000 on a corporation's common stock are January 15, February 15, and March 15. Required: Journalize the entries required on each date. Refer to the Chart of Accounts for exact wording of account titles. If no entry is required, simply skip to the next transaction Step by Step Solution
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