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3 years ago

A company has the following transactions during the year related to stockholders’ equity.

Business

1 answer:

Ivanshal [37]3 years ago

5 0

Answer:

Journal entries are given below

Explanation:

February 1

(Issues 5,000 shares of no-par common stock for $15 per share)

DEBIT CREDIT

Cash(5000 x $15) $75,000

Common stock $75,000

May 15

(Issues 500 shares of $10 par value, 7.5% preferred stock for $12 per share)

DEBIT CREDIT

Cash (500x$12) $6,000

Preferred stock (500x$10) $5,000

Additional paid in capital $1,000

October 1

Declares a cash dividend of $0.75 per share

DEBIT CREDIT

Retained Earnings (5500x$0.75) $4,125

Dividend Payable $4,125

October 15 Date of Record

No Entry Required

October 31 Pays the cash dividend

DEBIT CREDIT

Dividend Payable $4,125

Cash $4,125

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The market risk, beta, of a security is equal to Group of answer choices the variance of the security's returns divided by the c

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Answer:

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3 years ago

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2 years ago

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Answer:

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Explanation:

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