il 10: Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and s0.08 on the common stock to stockholders of record on May 10, payable on June 9. or. 10 e 9: Paid the cash dividends. ne 9 ober 10: Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the nmon stock is estimated at $36. t. 10 t. 10 cember 9: Paid the cash dividends and issued the certificates for the common stock dividend. c. 9 ec. 9 O 10 0 I II I
il 10: Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and s0.08 on the common stock to stockholders of record on May 10, payable on June 9. or. 10 e 9: Paid the cash dividends. ne 9 ober 10: Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the nmon stock is estimated at $36. t. 10 t. 10 cember 9: Paid the cash dividends and issued the certificates for the common stock dividend. c. 9 ec. 9 O 10 0 I II I
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Selected transactions completed by Breezeway Construction during the current fiscal year are as follows:
Required:
Journalize the transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank or enter "0".
February 3: Split the common stock 2-for-1 and reduced the par from $40 to $20 per share. After the split, there were 250,000 common shares outstanding.
![Feb. 3
April 10: Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 10, payable on June 9.
Apr. 10
June 9: Paid the cash dividends.
June 9
October 10: Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the
common stock is estimated at $36.
Oct. 10
Oct. 10
December 9: Paid the cash dividends and issued the certificates for the common stock dividend.
Dec. 9
Dec. 9
W 10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc1addc0d-ad19-47e0-b731-19a33652960b%2F48d614f9-3013-47fc-979e-9566e94506f6%2Fnr1yv9d_processed.png&w=3840&q=75)
Transcribed Image Text:Feb. 3
April 10: Declared semiannual dividends of $1.50 on 18,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 10, payable on June 9.
Apr. 10
June 9: Paid the cash dividends.
June 9
October 10: Declared semiannual dividends of $1.50 on the preferred stock and $0.04 on the common stock (before the stock dividend). In addition, a 2% common stock dividend was declared on the common stock outstanding. The fair market value of the
common stock is estimated at $36.
Oct. 10
Oct. 10
December 9: Paid the cash dividends and issued the certificates for the common stock dividend.
Dec. 9
Dec. 9
W 10
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