Question: Learning Objective 4 E-F:13-27 Computing dividends on preferred and common stock and journalizing Preferred Dividend 2024$9,000 Northern Communications has the following stockholders' equity on December

Learning Objective 4 E-F:13-27 Computing dividends on preferred and common stock and journalizing Preferred Dividend 2024$9,000 Northern Communications has the following stockholders' equity on December 31, 2024: Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2024 and 2025 if total dividends are $9,000 in 2024 and $45,000 in 2025. Assume no changes in preferred stock and common stock in 2025. 2. Record the journal entries for 2024 , assuming that Northern Communications declared the dividend on December 1 for stockholders of record on December 10. Northern Communications paid the dividend on December 20. Learning Objective 4 E-F:13-27 Computing dividends on preferred and common stock and journalizing Preferred Dividend 2024$9,000 Northern Communications has the following stockholders' equity on December 31, 2024: Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2024 and 2025 if total dividends are $9,000 in 2024 and $45,000 in 2025. Assume no changes in preferred stock and common stock in 2025. 2. Record the journal entries for 2024 , assuming that Northern Communications declared the dividend on December 1 for stockholders of record on December 10. Northern Communications paid the dividend on December 20

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