On Jan 1, a company authorized common stock, $5 par for 200,000 shares & preferred stock $10 par, 7% for 50,000 shares. Record the transactions...
- Issued 95,000 shares of common at $22 per share ?
- Issued 18,000 shares of preferred at $13 per share?
- Bought back 10,000 shares of common at $30 per share ?
- Reissued 1,000 shares pf tresury stock at $27 per share ?
Declared cash dividends of $27,400 to be allocated betweens common and preferred (which preferred has current dividend preference is noncumulative) ? Paid dividends of 27,400 ?