The post-closing trial balance of Wildhorse Corporation at December 31, 2020, contains the following stockholders' equity accounts. Preferred Stock (14,600 shares issued) $730,000 2,430,000 Common Stock (243,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock 243,000 Paid-in Capital in Excess of Par-Common Stock 418,000 Common Stock Dividends Distributable 243,000 985,220 Retained Earnings A review of the accounting records reveals

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The post-closing trial balance of Wildhorse Corporation at December 31, 2020, contains the following stockholders equity acc

  
 
 

WILDHORSE CORPORATION. Partial Balance Sheet $$$ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Compute the allocation of the cash dividend to preferred and common stock.  


 
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Accounting Principles

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

ISBN: 9781119707110