1.The journal entries for issue of $400,000 of 10 year, 6% bonds at 105, with interest payable semiannually.
2. Declared a quarterly dividend of .45 per share on common stock and 1.25 per share on preferred stock . On the date of record, 85,000 shares of common stock were outstanding, no treasury shares were held, and 17000 shared of preferred stock were outstanding
