Weaver Corporation had the following stock issued and outstanding at January 1, Year 2: 1.147,000 shares of $4 par common stock. 2. 7,500 shares of $50 par, 5 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 7,500 shares of preferred stock and a $3 per share dividend for the common shareholders. The dividend will be paid on July 1 to the shareholders of record on June 20. 券 Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders, 彩 Preferred stock Common stock Total dividend Mc Graw Hill Prey 15 of 20 Next >

Bonita Corporation was organized on January 1, 2020. It is authorized to issue 10,100 shares of 8%, $100 par value preferred stock, and 541,900 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 ટૂંકા હૈ ન Nov. 1 Sept. Issued 80,150 shares of common stock for cash at $6 per share. Issued 5,240 shares of preferred stock for cash at $111 per share. Issued 24,860 shares of common stock for land. The asking price of the land was $90,530; the fair value of the land was $80,150. Issued 80,150 shares of common stock for cash at $9 per share. Issued 10,100 shares of common stock to attorneys in payment of their bill of $54,900 for services rendered in helping the company organize. Issued 10,100 shares of common stock for cash at $11 per share. Issued 1,070 shares of preferred stock for cash at $120 per share. Prepare the journal entries to record the above transactions. (Credit account titles…

When Wisconsin Corporation was formed on January 1, the corporate charter provided for 94,200 shares of $9 par value common stock. During its first month of operation, the corporation issued 6,880 shares of stock at a price of $24 per share. The entry to record the above transaction would include a a.credit to Paid-In Capital in Excess of Par—Common Stock for $103,200 b.debit to Common Stock for $94,200 c.debit to Cash for $61,920 d.credit to Common Stock for $165,120

Horton Company began business on January 1, 20x1 by issuing all of its 1,000,000 authorized shares of its $1 par value common stock for $20 per share. On June 30, the Company declared a cash dividend of $1 per share to stockholders of record on July 31. The Company paid the cash dividend on August 30. On November 1, Horton reacquired 200,000 of its own shares of stock for $25 per share. On December 22, the Company resold half of these shares for $30 per share. a. Prepare all of the necessary journal entries to record the events described above.b. Prepare the Stockholders' Equity section of the Balance sheet as of 12/31/20x1 assuming that the Net Income for the year was $3,000,000.