TUUR WORK P124 A B C D E Additional Paid-in Capital-TS Treasury Stock 5000 G H K 36000 M Part B: Foley Corporation has the following capital structure at the beginning of the year: Preferred stock, 4%, 550 par value, 6.000 shares issued and outstanding $300.000 Common stock, $10 par value, 40.000 shares issued and outstanding 400.000 Paid-in capital in excess of par 110,000 Total paid-in capital 810,000 Required (12 points): Record journal entries on the declaration date only for the following transactions a. A total cash dividend of $90.000 was declared on Oct. 31. Record dividends payable on common and preferred stock in separate accounts. Preferred stocks are no cumulative. Date Accounts Debit Credit 10/31 Retained earning 90000 Dividends Payable-Common stock 78000 Dividends Payable-Prefered Stock 12000 Date 11/30 b. A 15% common stock dividend was declared on Nov. 30. The average fair value of the common stock is $22 a share. Accounts Debit Credit Retained earning 777 Common Stock Dividends Distributable ??? Additional Paid-in Capital-CS ??? 7 8 c. 30 Date A property dividend was declared on June 30. Foley will give one share of its equity investment in Cook Co. for every two share of Foley Corporation common stock held by shareholders The book value of the equity investment in Cook is $8.5 per share. Its market price is sll per share on the date the property dividend is declared. Accounts Debit Credit Equity Investment m Could you show me how to calculate for band please? Unrealized gains or loss 772 I have really appreciate that! 32