Reference no: EM133164806
Question 1 - Dividend Per Share - Windborn Company has 30,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
Year 1 $120,000
Year 2 24,000
Year 3 180,000
Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places. If an amount box does not require an entry, leave it blank.
Question 2 - Preferred stock (Dividend per share) - Common stock (Dividend per share)
Entries for Stock Dividends
Paris Corporation has 11,000 shares of $40 par common stock outstanding. On June 8, Paris Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $58 per share on June 8.
Journalize the entries required on June 8, July 13, and August 12. If no entry is required, leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Show journal entries with proper narrations
: At that date, a further call of $1.50 on ordinary shares and $2 on preference shares was made. Show journal entries with proper narrations
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