York's outstanding stock consists of 60,000 shares of noncumulative 8.0% preferred stock with a $5 par value and also 280,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 13,200 2 2,000 240,000 390,000 Use the data in Exercise 13-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that the preferred stock is cumulative. (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend per Dividend RatePreferred Share Number of P referred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at verend Year 1 $ 13,200 22.000 Year 3 Year 4 240.000 390,000 665.200 Totals $ the Struter Partnership has total partners' equity of $580,000, which is made up of Main, Capital, $406,000, and Frist, Capital, 174,000. The partners share net income and loss in a ratio of 81% to Main and 19% to Frist. On November 1, Adison is admitted to the artnership and given a 20% interest in equity and a 20% share in any income and loss. "repare journal entries to record the admission of Adison for a 20% interest in the equity and a 20% share in any income and loss ander independent assumption, (1) Record the admission of Adison with an investment of $145,000 for a 20% interest in the equity and a 20% share in any income and loss. (2) Record the admission of Adison with an investment of $180,000 for a 20% interest in the equity and a 20% share in any income and loss. (3) Record the admission of Adison with an investment of $115,000 for a 20% interest in the equity and a 20% share in any income and loss. View transaction list Journal entry worksheet BC Record the admission of Adison with an investment of $145,000 for a 20% interest in the equity and a 20% share in any income and loss. m) Record the admission of Adison with an investment of $145,000 for a 20% interest in the equity and a 20% share in any income and loss. 2) Record the admission of Adison with an investment of $180,000 for a 20% interest in the equity and a 20% share in any income and loss. (3) Record the admission of Adison with an investment of $115,000 for a 20% interest in the equity and a 20% share in any income and loss. View transaction list Journal entry worksheet Record the admission of Adison with an investment of $180,000 for a 20% Interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits. General Journal Debit Credit Transaction (2) (1) Record the admission of Adison with an investment of $145,000 for a 20% interest in the equity and a 20% share in any income and loss. (2) Record the admission of Adison with an investment of $180,000 for a 20% interest in the equity and a 20% share in any income and loss (3) Record the admission of Adison with an investment of $115,000 for a 20% interest in the equity and a 20% share in any income and loss. View transaction list Journal entry worksheet Record the admission of Adison with an investment of $115,000 for a 20% Interest in the equity and a 20% share in any income and loss. Note: Enter debits before credits Transaction General Journal Debit Credit
