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amount distributed:
yr1: 15000-5000=10000
yr2: 3,000-3000=0
yr3: 40,000-5000=35,000

pref dividends:
yr1: 5000
yr2: 3000
yr3: 5000

I attepmted to do the calculations.
Preferred calculations:
2% x 25 = 0.5
10000 x 0.5 = 5000
10000/10000 = $1 per pref share
10000 x 0.5 = 5000

Common Calculations:
15000-5000=10000
number...

Waco Company has 10,000 shares of 2% cumulative preferred stock of $25 par and 25,000 shares of $45 par common stock. The following amounts were distributed as dividends:
Year 1 $15,000
...

It's to be prepared as a journal entry...

Wayman Corporation issued bonds twice during 2007. Transacations were as follows:

2007
Jan. 1 -Issued $2,000,000 of 9.2 percent, ten year bonds dated January 1, 2007, with interest payable on...

How would I actually prepare a T account for cash dividends? I don't need the answer to the problem just someone to explain how to go about solving. Thanks

The M Corporation has 250,000 authorized...

I need an example... I'm a visual learner. So, with that being said my book does not have an example for me to understand how they received the answer they have. Please help.