Reference no: EM13580859

Declared a 2% stock dividend on common stock and a $1.80 cash dividend per share on preferred stock. On the date of declaration, the market value of the common stock was $55 per share. On the date of record, 120,000 shares of common stock had been issued, 9,500 shares of treasury common stock were held, and 22,500 shares of preferred stock had been issued. I have the stocks dividend which is 121500 but I can't figure out how to get the stock distributable. What do I need to do to get the answer for this. h) Purchased 340,000 shares of Amigo Co. stock directly from the founders for $21 per share. Amigo has 1,000,000 shares issued and outstanding. Answer Investment in Amigo 7,140,000 Cash 7,140,000 Issued the stock certificates for the stock dividends declared in (h) Not understanding how to get the stocks distributable from the answer in h. c)Issued $8,000,000 of 10-year, 7% bonds at 110, with interest payable semiannually. Answer: Cash 8,800,000 Bonds Payable 8,000,000 Premium on Bonds Payable 800,000 Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six months. The amortization was determined using the straight-line method Can't figure out about the amortization of the premium for 6 months. I have to have the interest expense and the premium on bonds payable.