Question: need 1b, 2b, 3b, 4b solved only PE 1 1.1 B Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and
need 1b, 2b, 3b, 4b solved only
PE 1 1.1 B Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as divi dends: Dividends per share EE 11-1 .504 OBJ. 2 ME HOW Year Year 2 Year 3 21,600 4,000 100,800 Determine the dividends per share for preferred and common stock for each year. PE 11-2A On August 26, Mountain Realty Inc. issued for cash 120,000 shares of no-par common stock (with a stated value of $5) at $8. On October 1, Mountain Realty Inc. issued at par value 40,000 shares of preferred 1% stock, $10 par for cash. On November 30, Mountain Realty Inc. issued for cash 18,000 shares of preferred 1% stock, $10 par at $13. Entries for issuing stock EE 11-2 p 507 . 2 ME HOW Journalize the entries to record the August 26, October 1, and November 30 PE 1 1-2B On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at $4. On February 14, Zentric Corporation issued at par value 44,000 shares of preferred 29% stock, $55 par for cash. On August 30, Zentric Corporation issued for cash 9,000 shares of preferred 2% stock, $55 par at $60. Entries for issuing stock EE 11-2 a507 OBJ. 2 ME HOW Journalize the entries to record the January 22, February 14, and August 30 transactions. PE 1 1-3A The declaration, record, and payment dates in connection with a cash dividend of $710,000 on a corporation's common stock are June 15, August 10, and September 15. Journalize the entries required on each date. Entries for cash dividends EE 11-3 a 50.9 OBJ.3 ME HOW PE 1 1.3B The declaration, record, and payment dates in connection with a cash dividend of $480,000 on a corporation's common stock are February 1, March 18, and May 1. Journalize the en- tries required on each date. Entries for cash dividends OBJ.3 EE 11-3 . S09 ME HOW PE 1 1-4A Olde Wine Corporation has 250,000 shares of $40 par common stock outstanding. On February 15, Olde Wine Corporation declared a 2% stock dividend to be issued May 2 to stockholders of record on March 27. The market price of the stock was $52 per share on February 15 Entries for stock dividends OBJ. 3 EE 11-4 R 511 Journalize the entries required on February 15, March 27, and May 2 PE 11-4B Antique Buggy Corporation has 820,000 shares of $35 par common stock outstanding. On June 8, Antique Buggy Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $63 per share on June 8. Entries for stock dividends OBJ. 3 EE 11-4 p511 ME HOW Journalize the entries required on June 8, July 13, and August 12
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