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Unformatted text preview: To Common Stock A/c $9,000 6. Preference Dividend A/cDr $20,000 Divided on common stock A/cDr $39,600 To Dividend Payable $59,600 Stock holders equity Preferred stock, 8%, $100 par (2500 shares issued) 250000 Common stock, $5 par (21800 shares issued) 109000 Additional paid in capital 127500 Less: Treasury stock 80000 Retained Earnings 327400 Total 733900...
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This note was uploaded on 10/03/2011 for the course ACCOUNTING 103 taught by Professor Ngo during the Spring '11 term at University of California, Berkeley.
- Spring '11