Journalize the entries to record the april

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1. On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5,000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1 and 7.

2. On April 10, Maranda Corporation issued for cash 11,000 shares of no-par common stock at $25. On May 5, Maranda issued at par 1,000 shares of 4%, $50 par preferred stock for cash. On May 25, Maranda issued for cash 15,000 shares of 4%, $50 par preferred stock at $55.

Journalize the entries to record the April 10, May 5, and May 25 transaction.

3. A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following:
(a) Purchased 1,000 shares of treasury stock at $12. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares.
(b) Sold 500 shares of treasury stock at $15.
(c) Purchased equipment for $75,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the remaining.
(d) Sold 500 shares of treasury stock at $11.

4. On January 1, Year 1, a company had the following transactions:

- Issued 10,000 shares of $2.00 par common stock for $12.00 per share.
- Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share.
- Purchased 1,000 shares of previously issued common stock for $15.00 per share.

The company had the following dividend information available:

Year 1 - No dividend paid
Year 2 - Paid a $2,000 total dividend
Year 3 - Paid a $20,000 total dividend
Year 4 - Paid a $25,000 total dividend

Using the following format, fill in the correct values for each year

Reference no: EM13859240

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