Sept 15 10 000 shares of treasure stock reissued at 11 per share Oct 31 Declared 10 stock dividend for common stock traded at 8 Dec 31 The preferred dividend is declared and a common dividend of 50 cents per share is declared Dec 31 Net income is 2 100 000

Answer rating: 100% (QA)

Date Accounts Title Dr Cr 1Jan Cash 3000025 750000 Preferred Stock 3000020 600000 Paid in capital in ... View the full answer