Handy ltd. called class A preferred share at the specific rate. Dividend in arrers for last year were only paid this year. No divi. for the current year.
The $8.00 class A preferred share are without par value and were issued for $100.00 per share.they are cumulative and nonparticipating . The 150 outstanding shares are owned by the Handy. Class A preffered share are callable at $102 per share untill Dec.31,2007. One thousand shares were authorized.
May I know General Jurnal entry for divi. in arrers and for the payment?

How can I determine overhead and direct labor cost if this amounts are not given with the problem information?