E15-18A - Retained Earnings $77,850.00 Common Stock...

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1) Dr. Cr. Dividends Payable-Preferred Stock $16,000.00 Dividends Payable-Common Stock $40,000.00 Cash $56,000.00 2) Treasury Stock $108,000.00 Cash $108,000.00 3) Land $30,000.00 Treasury Stock $28,000.00 Paid-in Capital from Treasury Stock $2,000.00 4) Cash $52,500.00 Preferred Stock $50,000.00 Paid-in Capital in Excess of Par $2,500.00 5)
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Unformatted text preview: Retained Earnings $77,850.00 Common Stock Dividend Distributed $8,650.00 Paid-in Capital in Excess of Par $69,200.00 6) Common Stock Dividend Distributed $8,650.00 Common Stock $8,650.00 7) Retained Earnings $61,140.00 Dividends Payable-Preferred Stock $23,080.00 Dividends Payable-Common Stock $38,060.00...
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