Question: all i need is required 1 & required 6 On November 1 of Year 5, you were hired as the treasurer for Rayburn Processing. Part


On November 1 of Year 5, you were hired as the treasurer for Rayburn Processing. Part of your job duties include maintaining accurate records of the company's stockholders and issuing dividend payments. The Board of Directors declared a dividend of $2 per share on December 1 for all stockholders of record on December 15 . The dividend is paid on December 31 . Examine the following pie charts to understand the company's five-year history of stock and answer the following questions. Required: 1. What is the uthorized number of shares in Year 1 ? 2. What event took place in Year 2 ? 3. What event took place in Year 3 ? 4. What event took place in Year 4 ? 5. What happened to the authorized number of shares over the entire five-year period? 6. Prepare the journal entries for December 1, December 15 , and December 31 in Year 5 for dividends (Hint: Consider the type of on which dividends are paid). Answer is not complett. Complete this question by entering your answers in the tabs below. Prepare the journal entries for December 1, December 15, and December 31 in Year 5 for dividends (Hint: Consider the type of stock on which dividends are paid). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. What is the authorized number of shares in Year 1 ? 2. What event took place in Year 2 ? 3. What event took place in Year 3? 4. What event took place in Year 4? 5. What happened to the authorized number of shares over the entire five-year period? 6. Prepare the journal entries for December 1, December 15, and December 31 in Year 5 for dividends (Hint: Consider the type of 5 on which dividends are paid). Answer is not complete. Complete this question by entering your answers in the tabs below. What is the authorized number of shares in Year 1
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Required 1 The authorized number of shares in Year 1 is 1000000 as shown in the pie chart for Year 1 ... View full answer
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