Various Dividends

Carlyon Company listed the following equity items on December 31, 2012:

Investment in Man Company bonds $ 25,000

Dividends payable: preferred 4,000

Dividends payable: common 40,000

Preferred stock, 8%, $100 par 100,000

Common stock, $10 par 400,000

Additional paid-in capital on preferred stock 20,000

Additional paid-in capital on common stock 210,000

Retained Earnings 270,000

During 2013, the following transactions occurred:

Feb.	2	Paid the semiannual declared on December 15, 2012.
Mar.	5	Declared a property dividend, payable to common shareholders on April 5 in Man company bonds being held to maturity. The bonds (which have a book value of $25,000) have a current market value of $31,000.
Apr.	5	Paid the property dividend.
July	6	Declared a $4 per share semiannual cash dividend on preferred stock and a $1.10 per share semiannual dividend on common stock, to be paid on August 17.
Aug.	17	Paid the cash dividends
Oct.	15	Declared a 2% stock dividend on common stock to be issued on December 3. The current market price is $22 per share.
Dec.	3	Issued the stock dividend.
	28	Declared a $4 and $1.20 per share semiannual cash dividend on preferred and common stock, respectively, to be paid on February 15, 2014

Prepare journal entries to record the preceding transactions.

2013	Dividends Payable: Preferred	4,000
Feb. 2	Dividends Payable: Common	40,000
	Cash		44,000
Mar. 5	Investment in Man Company Bonds	?????
Adj	Gain on Disposal of Investments		?????
Dividend	Retained Earnings	31,000
	Property Dividend Payable		31,000
Apr. 5	Property Dividend Payable	?????
	Investment in Man Company Bonds		?????
July 6	Retained Earnings	?????
	Dividends Payable: Preferred		?????
	Dividends Payable: Common		?????
Aug. 17	Dividends Payable: Preferred	?????
	Dividends Payable: Common	?????
	Cash		?????
Oct. 15	Retained Earnings	?????
	Common Stock To Be Distributed		?????
	Additional paid-in capital from Stock Dividend		?????
Dec. 3	Common Stock To Be Distributed	?????
	Common Stock, $10 Par		?????
Dec. 28	Retained Earnings	?????
	Dividends Payable: Preferred		?????
	Dividends Payable: Common		?????