The stockholders' equity section of Fleming Corporation at December 31, 2021, included the following: 4% preferred stock, $100 par value, cumulative, 15,000 shares authorized, 10,000 shares issued and outstanding $1,000,000 Common stock, $10 par value, 250,000 shares authorized, 200,000 shares issued and outstanding Dividends were not declared on the preferred stock in 2021 and are in arrears. On September 15, 2022, the board of directors of Fleming Corporation declared dividends on the preferred stock to stockholders of record on October 1, 2022. payable on October 15, 2022. On November 1, 2022, the board of directors declared a $1 per share dividend on the common stock, payable November 30, 2022, to stockholders of record on November 15, 2022. Indicate the accounts to be increased or decreased by Fleming Corporation to record the transactions on the dates indicated below: September 15, 2022 October 1, 2022 October 15, 2022 Date $2,000,000 (if no entry is required, select "No entry" for the account titles and enter O for the amounts) September 15, 2022 November 1, 2022 November 15, 2022 November 30, 2022 Account Titles Increase/Decrease Amount
The stockholders' equity section of Fleming Corporation at December 31, 2021, included the following: 4% preferred stock, $100 par value, cumulative, 15,000 shares authorized, 10,000 shares issued and outstanding $1,000,000 Common stock, $10 par value, 250,000 shares authorized, 200,000 shares issued and outstanding Dividends were not declared on the preferred stock in 2021 and are in arrears. On September 15, 2022, the board of directors of Fleming Corporation declared dividends on the preferred stock to stockholders of record on October 1, 2022. payable on October 15, 2022. On November 1, 2022, the board of directors declared a $1 per share dividend on the common stock, payable November 30, 2022, to stockholders of record on November 15, 2022. Indicate the accounts to be increased or decreased by Fleming Corporation to record the transactions on the dates indicated below: September 15, 2022 October 1, 2022 October 15, 2022 Date $2,000,000 (if no entry is required, select "No entry" for the account titles and enter O for the amounts) September 15, 2022 November 1, 2022 November 15, 2022 November 30, 2022 Account Titles Increase/Decrease Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Yu.28.
Transcribed Image Text:Date Account Titles
September
15, 2022
October 1,
2022
October
15,2022
November
1.2022
November
15,2022
November
30, 2022
Increase/Decrease
$
S
$
$
$
$
$
$
$
$
Amount
Transcribed Image Text:The stockholders' equity section of Fleming Corporation at December 31, 2021, included the following:
4% preferred stock, $100 par value, cumulative,
15,000 shares authorized, 10,000 shares issued and outstanding $1,000,000
Common stock, $10 par value, 250,000 shares authorized,
200,000 shares issued and outstanding
Dividends were not declared on the preferred stock in 2021 and are in arrears.
On September 15, 2022, the board of directors of Fleming Corporation declared dividends on the preferred stock to stockholders of
record on October 1, 2022. payable on October 15, 2022.
On November 1, 2022, the board of directors declared a $1 per share dividend on the common stock, payable November 30, 2022, to
stockholders of record on November 15, 2022.
Indicate the accounts to be increased or decreased by Fleming Corporation to record the transactions on the dates indicated below:
September 15, 2022
October 1, 2022
October 15, 2022
Date
$2,000,000
(if no entry is required, select "No entry" for the account titles and enter O for the amounts)
September
15, 2022
November 1, 2022
November 15, 2022
November 30, 2022
Account Titles
Increase/Decrease
Amount
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