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Treat each case as being independent from the other cases. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the
Treat each case as being independent from the other cases. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Case A: The charter for Rogers, Incorporated, authorized the following stock: Common stock, $10 par value, 114,000 shares authorized Preferred stock, 10 percent, $9 par value, 5,100 shares authorized The company sold 45,500 shares of common stock and 4.100 shares of preferred stock. During the year, the following selected transactions were completed in the order given: 1. Rogers declared and paid dividends in the amount of $21,000. How much was paid to the holders of preferred stock? How much was paid to the common stockholders? Preferred stock dividend Common stock dividend 2. Rogers repurchased 6,100 shares of common stock. After this transaction, how many shares of common stock were outstanding? Shares outstanding 3. Provide the journal entry if Rogers sold 3,200 shares of treasury stock for $20 per share. The treasury stock was repurchased at $15 per share. (If no entry is required for a transaction select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the repurchase of shares. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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