1. Prepare the journal entry to record Tamas Company's issuance of 6,900 shares of $100 par value, 9% cumulative preferred stock for$104 cash per share.2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferredshareholders? (Assume no dividends in arrears.)Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare the journal entry to record Tamas Company's issuance of 6,900 shares of $100 par value, 9% cumulative preferred stock for$104 cash per share.View transaction listJournal entry worksheet< ARecord the issuance of 6,900 shares of $100 par value, 9% cumulativepreferred stock for $104 cash per share.Note: Enter debits before credits.Transaction1General JournalDebitCredit>

Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…

Answered: 1. Prepare the journal entry to record…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Prepare the journal entry to record Tamas Company's issuance of 5,100 shares of $100 par value, 6% cumulative preferred stock for $101 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Par Value per Preferred Share Dividend Rate % Dividend per Number of Preferred Preferred Share Shares Preferred Dividend
1. Prepare the journal entry to record Tamas Company's issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in part 1, if Tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. ces View transaction list Journal entry worksheet Record the issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share.
Requirement 1. Record the transactions in Halborn's general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.)\\nJan. 16: Declared a cash dividend on the 5%, $99 par noncumulative preferred stock (1,100 shares outstanding). Declared a $0.40 per share dividend on the 80,000 shares of $8 par value common stock outstanding. The date of record is January 31, and the payment date is February 15.
PLEASE FALLOW THE PICTURE FOR A BETTER UNDERSTANDING On March 15, Summit Hawk declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required:Record Summit Hawk's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).)
Prepare the journal entry to record Zende Company's issuance of 79,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet
Can you please explain how I would find the amounts after the stock dividend was declared and closing entries were recorded at the end of the year.
Journalize the entries for these transactions. If required, round the final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank.
Requirement 1. Compute AustinAustin Company's earnings per share for 20182018. Assume the company paid the minimum preferred dividend during 20182018. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 20182018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) ( - ) / = Earnings per share ( - ) / = Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer Data Table 2018 2017 Income Statement—partial: Net Income $6,660 $20,000 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet—partial: Total Assets $200,000 $265,000 Paid-In Capital: Preferred Stock—9%, $6 Par Value;…
Hever Rainbow Company provides the following information regarding its most recent balance sheet. (Click the icon to view the data.) Hever Rainbow acquired 22,000 shares of common stock in the open market at a price of $18 per share and retired the shares. What is the journal entry to record this transaction? (Record debits first, then credits. Exclude explanations from any journal entries.) Account Current Year Data table Stockholders' Equity Common stock, $2 par value, 495,000 shares authorized, 177,500 shares issued and outstanding $ 355,000 Additional paid-in capital in excess of par - common 887,500 Additional paid-in capital - retired shares Retained earnings 214,500 1,743,000 $ 3,200,000 Total stockholders' equity
hello, I need help please
Please help me with show all calculation thanku
Prepare the journal entry to record Zende Company's issuance of 84,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet 1 Record the issuance of 84,000 shares of $8 par value common stock assuming the shares sell for $8 cash per share. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal Saved >

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