|Paid in Capital in Excess of Par-Common Stock||350,000|
|Paid in Capital in Excess of Par-Preferred stock||75,000|
|Cash Dividends payable||37,500|
|29-Nov||No entry required|
|Stock Dividends Distributable||33,750|
|Paid in Capital in Excess of Par-Common Stock||13,500|
|6-Dec||No entry required|
|15-Dec||Cash Dividends Payable||37,500|
|22-Dec||Stock Dividends Distributable||33,750|
|Paid in Capital from sale of Treasury stock||5,000|
Can you check all the journal entries correct? And plus close dividend account
It’s that simple.Pay only when you are satisfied.
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