Question: I need all three journals on the second part. Kelley Company reports $1,250,000 of net income and declares $175,000 of cash dividends on its preferred

 I need all three journals on the second part. Kelley Companyreports $1,250,000 of net income and declares $175,000 of cash dividends on

I need all three journals on the second part.

Kelley Company reports $1,250,000 of net income and declares $175,000 of cash dividends on its preferred stock for the year. At year- end, the company had 350,000 weighted average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic EPS? Basic Earnings per Share Choose Denominator: Choose Numerator: Basic Earnings per Share Basic earnings per share Prepare the issuer's journal entry for each of the following separate transactions. a. On March 1, Atlantic Co. issues 45,500 shares of $4 par value common stock for $306,500 cash. b. On April 1, OP Co. issues no-par value common stock for $76,000 cash. c. On April 6, MPG issues 2,600 shares of $20 par value common stock for $45,000 of inventory, $165,000 of machinery, an acceptance of a $95,000 note payable. View transaction list Journal entry worksheet 2 3 Record the issuance of 45,500 shares of $4 par value common stock for $306,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit

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