Various Dividends Chart of Accounts General Journal Carlyon Company isted the following tems in its December 31, 2015, financial statements Investment in Man Company bonds Dividends payable: preferred Dividends payable: common Preferred stock, 8%, S 100 par Common stock, $10 par Additional paid-in capital on preferred stock Additional paid-in capital on Retained earnings $25,000 4,000 40,000 100,000 400,000 20,000 210,000 270,000 common stock 15 Common Stock 8000.00 Dec 28 Retained Earnings 52.960.00 Dividends Payable: Preferred Dividends Payable: Common 21 4.000.00 4896000 23 Investment in Bonds Chart of Accounts General Journal Feb. 2 Paid the semiannual dividends declared on December 15, 2015. 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 S4 per share semiannual cash dividend on preterred stock and a $1.10 per share semiannual dividend on common stock, to be paid on August 17 Aug. 17 Oct 15 Dec. 3 Paid the cash dividends Declared a 2% stock dividend on common stock to be issued on December 3 The current market price is $22 per share. 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, 2017 8.000.00 19 Common Stock 20 Dec. 28 Retained Earnings 2.960.00 4,000.00 Dividends Payable: Preferred Dividends Payable: Common 21 48,960.00 25 Investment in Bonds DATE ACCOUNT POST. REF DERIT Feb. 2 Dividends Payable:Preferred Dividends Payable: Common Cash Property Dividends Payable Mar. 5 Investment in Bonds 6.000.00 Gain on Disposal of Investment Retained Earnings 31,000.00 Investment in Bonds 31,000.00 Jul 6 Retained Earnings 48,000.00 4,000.00 Dividends Payable: Preferred Dividends Payable: Common 10 12 Aug. 17 Dividends Payable: Preferred 13 Dividends Payable: Common 14 Cash 48.000.00 1 Oct. 15 Retained Earnings 17.600.00 16 Common Stock to be Distributed 8,000.00 Investment in Bonds 31,000.00 Jul 6 Retained Earnings 48,000.00 10 Dividends Payable: Preferred 4,000.00 Dividends Payable: Common 44,000.00 4.000.00 44,000.00 12 Aug. 17 Dividends Payable: Preferred Dividends Payable: Commorn 15 Cash s Oct 15 Retained Earnings 17600.00 16 Common Stock to be Distributed 9.600.00 17 Additional Paid-in Capital from Stock Dividend Dec. 3Common Stock to be Distributed 8,000.00 Common Stock 8,000.00 2 Dec. 8 Retained Eanings 52.960.00 4,000.00 48.960.00 21 Dividends Payable: Preferred Dividends Payable: Common 23 Investment in Bonds