Business, 11.12.2019 23:31 jalonjonrs5991

Acompany has the following transactions during the year related to stockholders’ equity. february 1 issues 5,900 shares of no-par common stock for $15 per share. may 15 issues 700 shares of $10 par value, 12% preferred stock for $12 per share. october 1 declares a cash dividend of $1.20 per share to all stockholders of record (both common and preferred) on october 15. october 15 date of record. october 31 pays the cash dividend declared on october 1.

required: record each of these transactions.

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Acompany has the following transactions during the year related to stockholders’ equity. february 1...

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